The stock of Sino-Global Shipping America, Ltd. (NASDAQ:SINO) hit a new 52-week high and has $13.17 target or 190.00% above today’s $4.54 share price. The 8 months bullish chart indicates low risk for the $50.88 million company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $13.17 price target is reached, the company will be worth $96.67M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 12.14M shares traded hands or 2372.61% up from the average. Sino-Global Shipping America, Ltd. (NASDAQ:SINO) has risen 227.03% since April 14, 2016 and is uptrending. It has outperformed by 222.34% the S&P500.
According to Zacks Investment Research, “Registered in the United States in 2001 and operating in Mainland China, Sino-Global is a leading, non-state-owned provider of high-quality shipping services. With local branches in five of China’s 76 ports and contractual arrangements in all those where it does not have branch offices, Sino-Global is able to offer efficient, high-quality services to shipping companies entering Chinese ports. Sino-Global provides comprehensive yet customized shipping services to ship owners, operators and charters including intelligence, planning, real-time analysis and on-the-ground implementation and logistics support. Sino-Global has achieved both ISO9000 and UKAS certifications.”
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 1.00, from 1 in 2016Q1. The ratio dived, as 1 funds sold all Sino-Global Shipping America, Ltd. shares owned while 1 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 34,102 shares or 16.61% less from 40,893 shares in 2016Q1.
Citadel Advsrs Lc accumulated 0% or 27,202 shares. Moreover, James Investment has 0% invested in Sino-Global Shipping America, Ltd. (NASDAQ:SINO) for 6,900 shares.
More important recent Sino-Global Shipping America, Ltd. (NASDAQ:SINO) news were published by: Prnewswire.com which released: “Sino-Global Outlines Internet Based Logistics Strategy in an Open Letter to …” on November 01, 2016, also Seekingalpha.com published article titled: “Sino-Global Shipping America: An Overlooked Gem? (SINO)”, Reuters.com published: “BRIEF-Sino-Global Shipping America Qtrly EPS $0.08” on May 02, 2013. More interesting news about Sino-Global Shipping America, Ltd. (NASDAQ:SINO) was released by: Bloomberg.com and their article: “These Stocks Show How Some Markets Have Gotten Way Ahead of Themselves Since …” with publication date: November 16, 2016.
SINO Company Profile
Sino-Global Shipping America, Ltd., incorporated on October 31, 2012, is a non-asset global shipping and freight logistic integrated solution provider. The Firm provides solutions and value added services to its clients in the shipping and freight logistic chain sector. The Company’s divisions include Shipping Agency and Ship Management Services; Shipping & Chartering Services, and Inland Transportation Management Services.
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