Headlines about China Techfaith Wireless Comm. Tech. (NASDAQ:CNTF) have trended positive this week, AlphaOne Sentiment reports. The research firm, a unit of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Techfaith Wireless Comm. Tech. earned a news sentiment score of 0.47 on AlphaOne’s scale. AlphaOne also assigned press coverage about the technology company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Separately, ValuEngine raised shares of China Techfaith Wireless Comm. Tech. from a “sell” rating to a “hold” rating in a report on Thursday.
China Techfaith Wireless Comm. Tech. (NASDAQ:CNTF) traded down 0.7136% during trading on Friday, hitting $2.1843. 1,900 shares of the stock traded hands. The stock has a 50 day moving average price of $2.29 and a 200-day moving average price of $2.04. China Techfaith Wireless Comm. Tech. has a 52-week low of $1.45 and a 52-week high of $3.60. The stock has a market cap of $23.12 million, a P/E ratio of 2.7790 and a beta of 1.63.
About China Techfaith Wireless Comm. Tech.
China Techfaith Wireless Communication Technology Limited is a developer, owner and operator of commercial real estate properties across China, as well as China-based mobile solutions provider for the global mobile handsets market. The Company’s segments include Mobile phone business and Real estate business.
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