The stock of ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) hit a new 52-week low and has $3.17 target or 14.00% below today’s $3.69 share price. The 9 months bearish chart indicates high risk for the $85.51 million company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $3.17 price target is reached, the company will be worth $11.97 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 406,085 shares traded hands or 315.87% up from the average. ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has declined 43.00% since February 26, 2016 and is downtrending. It has underperformed by 53.42% the S&P500.
According to Zacks Investment Research, “ChinaCache International Holdings Ltd. provides Internet content and application delivery services to businesses, government agencies and other enterprises in China. The Company deploys servers and nodes across networks throughout China and uses a private transmission backbone that connects the nodes and data centers. The services offered by ChinaCache include web page content services, file transfer services, rich media streaming services, guaranteed application services, and managed internet data services, content bridging services and other value-added services. It also provides various integrated solutions to Enterprises, Financial Institutions, and Government Agencies and to the Media, Mobile Internet, and Online Games, E-commerce, Internet and Software Services industry. ChinaCache International Holdings Ltd. is headquartered in Beijing, People’s of Republic of China.”
More notable recent ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Investorplace.com with their article: “10 Internet Software & Services Stocks to Sell Now” published on September 29, 2016, Wallstreetpr.com published: “Chinacache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) Not Letting Dust Settle On …” on March 06, 2014. More interesting news about ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) were released by: Investorplace.com and their article: “7 Internet Software & Services Stocks to Sell Now” published on July 21, 2016 as well as Investorplace.com‘s news article titled: “Biggest Movers in Services Stocks Now – ISSC IDI CCIH APPF” with publication date: September 20, 2016.
CCIH Company Profile
ChinaCache International Holdings Ltd. (ChinaCache), incorporated on June 29, 2005, is a holding Company. The Firm provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. The Company’s 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. It provides a portfolio of content and application delivery total solutions and solutions tailored to its customers’ needs. It provides various services that are offered on a standalone basis or combined as part of its integrated solutions, such as Web Page Content Services, File Transfer Services, Rich Media Streaming Services, Guaranteed Application Services, Managed Internet Data Services, ChinaCache Cloud Services, Content Bridging Services, Internet Exchange and Data Center Services, Mobile Internet Solutions, Value-added Services, Cloud Infrastructure Development and Customer-tailored Integrated Solutions.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.