News headlines about Ninetowns Internet Technlgy Grp (NASDAQ:NINE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ninetowns Internet Technlgy Grp earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.0469987270289 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Nine Energy Service Announces Timing of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call (finance.yahoo.com)
- China’s AI technology integrates online and offline games (thejakartapost.com)
- Zacks: Brokerages Expect Ninetowns Internet Technlgy Grp Co Ltd. (NINE) Will Post Quarterly Sales of $142.67 Million (americanbankingnews.com)
- Allianz X co-leads European mobile bank N26’s Series C round (webwire.com)
Several analysts have recently weighed in on the company. Scotia Howard Weill assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They set a “sector perform” rating and a $29.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $33.00 price target for the company. Bank of America assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “buy” rating and a $35.00 target price for the company. Piper Jaffray Companies began coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, Goldman Sachs began coverage on Ninetowns Internet Technlgy Grp in a report on Tuesday, February 13th. They set a “buy” rating and a $23.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $30.61.
In other news, Director Gary L. Thomas acquired 20,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $460,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
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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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