Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ninetowns Internet Technlgy Grp (NASDAQ:NINE) Share Price

Headlines about Ninetowns Internet Technlgy Grp (NASDAQ:NINE) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. 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 sentiment 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, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

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NASDAQ:NINE opened at $24.35 on Friday. Ninetowns Internet Technlgy Grp has a 1-year low of $22.23 and a 1-year high of $29.00. The firm has a market capitalization of $66.47, a price-to-earnings ratio of 221.36 and a beta of 0.25.

A number of brokerages have recently commented on NINE. Scotiabank reiterated a “sector perform” rating and set a $29.00 price target on shares of Ninetowns Internet Technlgy Grp in a report on Tuesday, February 13th. Scotia Howard Weill started coverage on shares of 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. Howard Weil started coverage on shares of 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. Wells Fargo started coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They set an “outperform” rating and a $33.00 target price for the company. Finally, Credit Suisse Group began coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They set an “outperform” rating and a $29.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.61.

In related news, Director Gary L. Thomas purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was purchased at an average cost of $23.00 per share, with a total value of $460,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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Ninetowns Internet Technlgy Grp Company Profile

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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