Why Sino-Global Shipping America (SINO) Stock Hit a One-Year High Today

NEW YORK (TheStreet) -- Shares of Sino-Global Shipping America  (SINO) soared to a 52-week high of $4.59 in morning trading Tuesday after the company reported fourth-quarter earnings.

Revenue skyrocketed 452.5% to $3,762,017 from $680,856 in the same period one year earlier. The company attributed the gain to its Shipping Agency business and the revenue contribution from its Inland Transportation Management Services business that it debuted in the second quarter.

Net income rose year-over-year to $236,348 from a net loss of $1,357,845. After deducting non-controlling interest, net profit attributable to Sino-Global was $485,716, or 10 cents per diluted share, compared to a net loss of $1,151,426, or 24 cents per diluted share, in the fourth quarter of 2013.

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The stock was up 72.08% to $4.32 at 11:10 a.m. More than 16 million shares had changed hands, which dwarfed the average volume of 45,470.

Separately, TheStreet Ratings team rates SINO-GLOBAL SHIPPING AMERICA as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate SINO-GLOBAL SHIPPING AMERICA (SINO) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: SINO Ratings Report

SINO Chart SINO data by YCharts

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