Sinotrans (OTC:SNOTF) Trading Down 2.7% – Time to Sell?

Shares of Sinotrans Limited (OTC:SNOTF) dropped 2.7% during trading on Thursday . The stock traded as low as $0.47 and last traded at $0.47. Approximately 6,000 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 2,633 shares. The stock had previously closed at $0.48.

Sinotrans Stock Performance

The firm has a fifty day simple moving average of $0.46 and a two-hundred day simple moving average of $0.45.

Sinotrans Company Profile

Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China. The company operates through three segments: Agency and Related Business, Professional Logistics, and E-commerce. It offers sea freight forwarding, such as space booking, arranging transportation, container delivery and loading, storage, port concentration and dispatch, customs declaration and inspection, distribution, and delivery; air freight forwarding, including pick-up and dispatch, warehousing, packaging, booking and handling, trunk air line freight forwarding, and trucking transit services; rail freight forwarding services; shipping agency services comprising port arrival and departure, documentation, ship supplies, and other ship related services at ports; and storage and yard services, such as storage, container consolidating and devanning, cargo loading and unloading, dispatching and distribution, etc.