e-Future Information Technology Upgraded to Hold at TheStreet (EFUT)
e-Future Information Technology (NASDAQ:EFUT) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports.
The analysts wrote, “EFuture Information Technology (EFUT) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.”
Shares of e-Future Information Technology (NASDAQ:EFUT) traded down 4.22% during mid-day trading on Tuesday, hitting $4.31. 85,593 shares of the company’s stock traded hands. e-Future Information Technology has a 52-week low of $2.55 and a 52-week high of $6.00. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $3.. The company’s market cap is $16.9 million.
e-Future Information Technology (NASDAQ:EFUT) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.14 EPS for the quarter. The company had revenue of $7.30 million for the quarter, compared to the consensus estimate of $6.20 million.
eFuture Information Technology Inc (NASDAQ:EFUT) was established to serve as a holding company for its subsidiary, eFuture (Beijing) Royalstone Information Technology Inc (eFuture Royalstone).
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