Despite Hitting HK$0.12, Asia-express Logistics Holdings Insiders Still Sold Too Soon

Asia-express Logistics Holdings Limited's (HKG:8620) value has fallen 21% in the last week, but insiders who sold HK$1.4m worth of stock over the last year have had less success. The average selling price of HK$0.18 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

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Asia-express Logistics Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Wing Choy, for HK$955k worth of shares, at about HK$0.17 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (HK$0.12). So it may not shed much light on insider confidence at current levels.

Insiders in Asia-express Logistics Holdings didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Asia-express Logistics Holdings

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Asia-express Logistics Holdings Insiders Are Selling The Stock

The last three months saw significant insider selling at Asia-express Logistics Holdings. In total, insiders sold HK$1.4m worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Asia-express Logistics Holdings insiders own 22% of the company, worth about HK$14m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Asia-express Logistics Holdings Insiders?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Asia-express Logistics Holdings. Case in point: We've spotted 3 warning signs for Asia-express Logistics Holdings you should be aware of, and 1 of them is concerning.

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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.