Maxim Group analyst James Jang reiterated a Buy rating on Sino-Global Shipping America (SINO) today and set a price target of $1.75. The company’s shares closed yesterday at $1.06, close to its 52-week low of $0.88.
Jang observed:
“Sino-Global (SINO) reported F1Q19 results with its core growth segment, the freight logistics business, increasing revenue by 56% y/y to $5.5M.”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 13.5% and a 42.4% success rate. Jang covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Navigator Holdings.
Sino-Global Shipping America has an analyst consensus of Moderate Buy, with a price target consensus of $1.75.
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Sino-Global Shipping America’s market cap is currently $13.88M and has a P/E ratio of 18.06. The company has a Price to Book ratio of 0.57.
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Sino-Global Shipping America Ltd. engages in the provision of non-asset based global shipping and freight logistics integrated solution. It operates through the following segments: Inland Transportation Management Services; Freight Logistics Services; Container Trucking Services; and Bulk Cargo Container Services.
