Sino-Global Shipping America, Ltd. (NASDAQ:SINO) stock observed trading -52.47% off 52-week high price. On the other end, the stock has been noted 18.83% away from low price over the last 52-weeks. The stock disclosed a move of 8.62% away from 50 day moving average and -4.41% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.16% off 20-day moving average. It has market cap of $12.5M.
On Sept. 30, 2019, Sino-Global Shipping America, Ltd. (NASDAQ:SINO) a non-asset based global logistics service provider, declared its financial and operating results for the fiscal year ended June 30, 2019.
The Company has also provided more detailed information on its annual report on Form 10-K filed this morning with the U.S. Securities and Exchange Commission. Management encourages investors to review this filing for more details of the Company’s financial results for the fiscal year 2019, background on Sino-Global’s business and history, as well as the Company’s strategies for the coming fiscal year.
Management Comments – Strategy Moving into Fiscal 2020
Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global commented, We continue to pay greater attention to expanding our ship services following a challenging year due to the intense U.S./China trade relations. Throughout the year, current trade dynamics increased the expense for shipping carrier clients to ship cargo into U.S. ports, resulting in lower shipping volumes and lower utilization of our online platform, which has caused us to shift our focus back to the global shipping agency business. The shipping agency industry in the world has improved in the past years and the number of shipping agencies overall has decreased due to the failure to provide a competitive price and to embrace technology as a resource in serving client needs. We already have a network that covers the U.S. east coast, west coast, Canada, Australia, Hong Kong, Beijing, and Ningbo, and we intend to utilize our previous investments in technology to provide a broader base of services to our customers. We maintain strong relationships with customers and market resources. The current shipping agency market is more competitive yet enable companies like us who have better resources in this market niche to expand.
The USA based company Sino-Global Shipping America, Ltd. moved with change of 4.18% to $0.76 with the total traded volume of 9619 shares in recent session versus to an average volume of 18.45K. The stock was observed in the 5 days activity at 3.89%. The one month performance of stock was 5.62%. SINO’s shares are at 5.65% for the quarter and driving a -37.15% return over the course of the past year and is now at -0.81% since this point in 2018. Right now the stock beta is 2.53. The average volatility for the week and month was at 8.46% and 5.27% respectively. There are 16.44M shares outstanding and 10.63M shares are floated in market.
Mark Hall – Category – Technology
Mark Hall has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. Mark is an author, journalist and CEO of the website. He has always been interested in the stock market and how it behaves.
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