Ninetowns Internet Technlgy Grp (NASDAQ:NINE) Reaches New 52-Week Low at $15.89
Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE)’s share price reached a new 52-week low on Wednesday . The company traded as low as $15.89 and last traded at $15.89, with a volume of 809 shares traded. The stock had previously closed at $16.64.
A number of brokerages recently issued reports on NINE. Zacks Investment Research upgraded shares of Ninetowns Internet Technlgy Grp from a “sell” rating to a “hold” rating in a report on Friday, March 8th. Raymond James upped their price objective on shares of Ninetowns Internet Technlgy Grp from $31.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Friday, March 8th. Finally, Goldman Sachs Group began coverage on shares of Ninetowns Internet Technlgy Grp in a report on Sunday, March 10th. They issued a “buy” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ninetowns Internet Technlgy Grp presently has an average rating of “Buy” and an average target price of $36.75.
In other Ninetowns Internet Technlgy Grp news, insider David Crombie sold 27,011 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $21.61, for a total transaction of $583,707.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Theodore R. Moore sold 8,730 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $21.54, for a total transaction of $188,044.20. The disclosure for this sale can be found here.
Ninetowns Internet Technlgy Grp Company Profile (NASDAQ:NINE)
Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.
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