Ninetowns Internet Technlgy Grp (NASDAQ:NINE) had its price target trimmed by Citigroup from $26.00 to $18.00 in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.
NINE has been the subject of several other reports. Zacks Investment Research lowered Ninetowns Internet Technlgy Grp from a hold rating to a strong sell rating in a report on Tuesday, July 16th. Wells Fargo & Co reaffirmed an outperform rating and issued a $14.00 target price (down from $25.00) on shares of Ninetowns Internet Technlgy Grp in a report on Tuesday, August 13th. AltaCorp Capital reaffirmed a sector perform rating on shares of Ninetowns Internet Technlgy Grp in a report on Thursday, June 20th. Bank of America reaffirmed a buy rating and issued a $21.00 target price (down from $27.00) on shares of Ninetowns Internet Technlgy Grp in a report on Tuesday, June 25th. Finally, Raymond James reduced their target price on Ninetowns Internet Technlgy Grp from $28.00 to $15.00 and set a strong-buy rating for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Ninetowns Internet Technlgy Grp has an average rating of Buy and an average price target of $25.97.
NINE stock opened at $7.75 on Wednesday. The business has a 50 day moving average of $13.23 and a 200-day moving average of $19.47. Ninetowns Internet Technlgy Grp has a 12-month low of $7.45 and a 12-month high of $40.39.
About Ninetowns Internet Technlgy Grp
Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.
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