Revenue Update on China Auto Logistics Inc(NASDAQ:CALI)

China Auto Logistics Inc(NASDAQ:CALI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.03.

China Auto Logistics Inc (CALI) remained unchanged at the close of Friday session. Even as the volume increased to 10,487 ,the shares failed to make any impression and ended at 0 points or 0.00% at $1.54. The trading session commenced at $1.531 and the stock hit a high of $1.64 and touched $1.53 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $4.3999 and the 52-week low is $0.991. The company has a market cap of $6.2 M and has approximately 40,34,394 outstanding shares.

China Auto Logistics Inc. is a provider of automobile sales and trading service and a Web-based automobile sales and trading information platform. The Company’s segments include sales of automobiles financing services Web-based advertising automobile value added services and airport auto mall automotive services. The Company is a general agent and wholesaler to import vehicles into the People’s Republic of China. Its financing services include letter of credit issuance services purchase deposit financing and import duty advance services. Its automobile value added services include customs clearance storage and nationwide delivery services. It operates two websites which provide subscribers sales and trading information for imported and domestically manufactured automobiles and information about automobiles and auto-related products and services. The Company provides a used car business and other automotive services at the Airport International Auto Mall.

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