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Hot Stock; Sino-Global Shipping America Ltd. (SINO)

By Warren Paige

Sino-Global Shipping America Ltd. (NASDAQ: SINO), a general shipping agency service provider in China, is seeing a huge rally in its shares in early trading today.

SINO shares rose to an intra-day high of $3.29 in trading today, and at last check, the stock was trading 21.03% higher at $3.05 on above average volume of 167,288.

Sino-Global recently released its financial results for the third-quarter ended March 31, 2012. SINO’s revenue for the third quarter rose 0.49% to $9.11 million.

During the third quarter, SINO’s ships that generated revenue rose from 125 to 129. However, the company’s revenue per vessel decreased. The decline was mainly because SINO provided protective services for more ships, which generated substantially lower revenue per ship.

SINO reported a net loss of $770,155 for the third quarter. This compares with a net loss of $254,387 reported for the same period in the previous year.

May 25th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.