China Auto Logistics Inc. (NASDAQ:CALI) posted its quarterly earnings data on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, RTT News reports. China Auto Logistics had a negative return on equity of 2.34% and a negative net margin of 0.13%. During the same period last year, the company posted ($0.05) EPS.
China Auto Logistics (NASDAQ:CALI) opened at $3.14 on Tuesday. China Auto Logistics has a 1-year low of $1.30 and a 1-year high of $4.69.
In other news, major shareholder Praise Enterprises Ltd Bright acquired 1,612,000 shares of China Auto Logistics stock in a transaction on Saturday, September 23rd. The shares were purchased at an average price of $2.11 per share, with a total value of $3,401,320.00. Following the acquisition, the insider now owns 4,840,394 shares in the company, valued at $10,213,231.34. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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China Auto Logistics Company Profile
China Auto Logistics Inc, formerly Fresh Ideas Media, Inc is engaged in providing imported automobile sales and trading service, and a Web-based automobile sales and trading information platform to its customers. The Company operates through four segments: sales of automobiles, financing services, airport auto mall automotive services and other services.
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