China Techfaith Wireless Comm. Tech. (CNTF) Posts Quarterly Earnings
China Techfaith Wireless Comm. Tech. (NASDAQ:CNTF) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, Analyst Ratings Network reports. The company had revenue of $23.10 million for the quarter, compared to the consensus estimate of $26.20 million.
China Techfaith Wireless Comm. Tech. (NASDAQ:CNTF) opened at 1.40 on Tuesday. China Techfaith Wireless Comm. Tech. has a 52-week low of $1.11 and a 52-week high of $3.01. The stock has a 50-day moving average of $1.39 and a 200-day moving average of $1.69. The company’s market cap is $74.1 million.
On the ratings front, analysts at TheStreet downgraded shares of China Techfaith Wireless Comm. Tech. from a “hold” rating to a “sell” rating in a research note on Monday, May 26th.
China Techfaith Wireless Communication Technology Limited (NASDAQ:CNTF) is a holding company.
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