Sino Energy Conservation International's Stock Sinks To HK$0.019, But Insiders Sold Even Lower
Even though Sino Energy Conservation International Limited (HKG:8128) has fallen by 17% over the past week , insiders who sold HK$2.9m worth of stock over the past year have had less luck. Insiders might have been better off holding onto their shares, given that the average selling price of HK$0.035 is still below the current share price.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Sino Energy Conservation International Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Non-Executive Director, Yiying Zhang, for HK$1.1m worth of shares, at about HK$0.038 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (HK$0.019). So it may not tell us anything about how insiders feel about the current share price. Yiying Zhang was the only individual insider to sell over the last year.
Yiying Zhang sold a total of 83.00m shares over the year at an average price of HK$0.035. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Sino Energy Conservation International
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Insider Ownership Of Sino Energy Conservation International
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Sino Energy Conservation International insiders own about HK$22m worth of shares. That equates to 26% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Sino Energy Conservation International Tell Us?
It doesn't really mean much that no insider has traded Sino Energy Conservation International shares in the last quarter. Our analysis of Sino Energy Conservation International insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sino Energy Conservation International. For example, Sino Energy Conservation International has 4 warning signs (and 1 which is potentially serious) we think you should know about.
Of course Sino Energy Conservation International may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.