Sino-Global Shipping America, Ltd. (NASDAQ:SINO) notified the signing of Joint Venture Agreement (the Agreement) with Mr. Shanming Liang

Sino-Global Shipping America, Ltd. (NASDAQ:SINO) stock identified change of 22.50% away from 52-week low price and recently located move of -54.21% off 52-week high price. It has market worth of $8.96M. SINO stock has been recorded -8.60% away from 50 day moving average and -29.69% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.19% off 20-day moving average.

On Jan. 21, 2020, Sino-Global Shipping America, Ltd. (NASDAQ:SINO a non-asset based global shipping and freight logistic integrated solution provider, notified the signing of Joint Venture Agreement (the Agreement) with Mr. Shanming Liang (Mr. Liang).

Mr. an expert importer of agriculture products for the customers located in Southern China, and Sino-Global expects to work with Mr. Liang to resume the project of Bulk Cargo Containerized since the China and US trade deal was finally signed January 15, 2020. Pursuance to the Agreement, a new joint venture company is registered and will take full responsibility for purchasing agriculture products in North America. Sino-Global will provide the whole supply chain logistic services for products of Soybean, Corn, Alfalfa etc. that ship from North America to China.

Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, During the passing year, the international trade and trade-related shipment has decreased a lot due to the trade war between China and the US. In such an environment, Sino-Global’s business was inevitably affected. As the trade deal Phase One was duly signed by both governments last Wednesday, the trade between China and the US will be heating up soon. We believe that with the resuming of our containerized project, we can bring continuous and stable revenue to the company in the coming future.

The Services sector company, Sino-Global Shipping America, Ltd. noticed change of 6.52% to $0.49 along volume of 87834 shares in recent session compared to an average volume of 49.52K. The stock observed return of 14.22% in 5 days trading activity. The stock was at -0.81% over one month performance. SINO’s shares are at -37.58% for the quarter and driving a -38.23% return over the course of the past year and is now at 8.89% since this point in 2018.

The average volatility for the week at 10.11% and for month was at 9.64%. There are 18.28M shares outstanding and 12.93M shares are floated in market. Right now the stock beta is 2.4.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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