China Auto Logistics Inc. (CALI) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of CALI have climbed 3.15% about 30 minutes into the session to $2.62 after closing the day prior at $2.54. It’s early, but the stock has traded as high as $2.62 and as low as $2.62 so far. Today’s quick advance has come with about 940 shares changing hands, compared to an average 30-day volume of 17,783 for China Auto Logistics Inc.. The price is currently below the 30-day volume weighted average price of $2.62 for CALI.
The share appreciation gives the company a market capitalization of $10.25 million based upon 4.03 million shares outstanding. It also means that CALI has a price-to-book ratio of 0.41:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of CALI have traded as low as $0.7134 and as high as $4.3999. Technical traders will take note that at $2.62, shares of CALI are trading above their 200-day MA at $1.61 and below their 50-day MA at $2.68. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is CALI?
China Auto Logistics Inc is engaged in providing imported automobile sales and trading services and web-based automobile trading sales and information platform to its customers. The company’s 53 employees are led by CEO Tong Shiping from the corporate headquarters at Floor 1 FTZ International Auto Mall 86 Tianbao Avenue.
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