What’s The Story Behind China Information Technology, Inc. (NASDAQ:CNIT)


China Information Technology, Inc. (NASDAQ:CNIT) closed its last session at $3. The stock traded within a range of $2.61 and $3.18. The company operates in the Technology sector with a market capitalization of 94530. Trading volume for China Information Technology, Inc. was 6.67 Million in its previous trading session. Currently, China Information Technology, Inc. (NASDAQ:CNIT) has an average volume of 1.29 Million.

Company Profile

China Information Technology, Inc., formerly known as China Information Security Technology, specializes in Geographic Information Systems, Digital Information Security Technology, and Digital Hospital Information Systems in China. The Company’s total solutions include specialized software, hardware, systems integration and related services. Its products include First Responder Coordination Platform, Intelligent Recognition System, Residence Card Information Management System, Police-use and Civil-use GIS products, Digital Hospital Information System, as well as high-end multimedia display systems and technology. The Company provides services to sectors including public security, medical and healthcare, land resource, urban planning, surveying and mapping, electricity, telecom, transportation, electronics, education, coal-mining, media and internet. China Information Technology, Inc. is headquartered in Shenzhen, People’s Republic of China.

Analyst Views

China Information Technology, Inc. (NASDAQ:CNIT) touched its 1-Year High price of $5.20 on 01/05/18 and its 1-Year Low price of $0.57 on 03/09/17.

EPS & Financials

For the current quarter, 0 analysts are projecting a mean EPS of $0/share. According to their observations and findings, the stock could provide a high EPS of $0/share and a low EPS of $0/share.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. China Information Technology, Inc. (NASDAQ:CNIT) has a 20-Day average volume of 3.5 Million. According to today’s trading volume China Information Technology, Inc. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 44.62 Percent and Institutional ownership of 1.5 Percent. The return on assets stands at 0%, Return on Equity currently is 0% and the Return on Investment value is -127.3%.

China Information Technology, Inc. (NASDAQ:CNIT) gross margin percentage stands at 31.5% while its operating margin for the past trailing twelve month is 0 percent and its overall profit margin (ttm) is 0 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 72.96% with a 50-Day Simple Moving Average of 88.73 percent. As of today, the company has a SMA200 (200-day simple moving average) of 165.96 Percent. The Stock has YTD (year to date) performance of 102.7 percent.

The TTM operating margin for the company stands at 0%. The return on invested capital is at -127.3%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a +ve distance from the 200 day SMA of approximately 165.96%, and has a solid year to date (YTD) performance of 102.7% which means that the stock is constantly adding to its value from the previous fiscal year end price.