Somewhat Favorable News Coverage Extremely Likely to Impact ChinaCache International Holdings (CCIH) Share Price

Headlines about ChinaCache International Holdings (NASDAQ:CCIH) have trended somewhat positive on Thursday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ChinaCache International Holdings earned a media sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also assigned news stories about the company an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

ChinaCache International Holdings (NASDAQ:CCIH) traded down 3.25% during midday trading on Thursday, hitting $1.49. 11,485 shares of the stock traded hands. The stock’s market capitalization is $39.25 million. The firm’s 50 day moving average is $1.81 and its 200-day moving average is $2.74. ChinaCache International Holdings has a 12-month low of $1.45 and a 12-month high of $9.65.

ChinaCache International Holdings (NASDAQ:CCIH) last announced its quarterly earnings results on Monday, March 27th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.93. ChinaCache International Holdings had a negative net margin of 34.21% and a negative return on equity of 67.26%. On average, analysts anticipate that ChinaCache International Holdings will post ($0.52) EPS for the current fiscal year.

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ChinaCache International Holdings Company Profile

ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. Its across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.

5 Day Chart for NASDAQ:CCIH

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