What Will Happen to China Techfaith Wireless Comm. Tech. Ltd (CNTF) Next? The Stock Just Increased A Lot

September 17, 2017 - By Nellie Frank

The stock of China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) is a huge mover today! The stock increased 4.35% or $0.1 on September 15, reaching $2.4. About 87,564 shares traded or 226.38% up from the average. China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) has declined 12.80% since September 17, 2016 and is downtrending. It has underperformed by 29.50% the S&P500.
The move comes after 8 months positive chart setup for the $25.41M company. It was reported on Sep, 17 by Barchart.com. We have $2.54 PT which if reached, will make NASDAQ:CNTF worth $1.52 million more.

More recent China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) news were published by: Marketwatch.com which released: “China TechFaith Wireless Communication Technology Ltd. ADR” on December 21, 2009. Also Seekingalpha.com published the news titled: “China Telecom’s $400mm Medical Smartphone Agreement Is Great News For China …” on January 28, 2014. Prnewswire.com‘s news article titled: “TechFaith Schedules First Half 2017 Financial Results Conference Call” with publication date: August 21, 2017 was also an interesting one.

China Techfaith Wireless Communication Technology Limited is a developer, owner and operator of commercial real estate properties across China, as well as China mobile solutions well-known provider for the global mobile handsets market. The company has market cap of $25.41 million. The Company’s divisions include Mobile phone business and Real estate business. It has a 5.29 P/E ratio. The Firm focuses on the original design and development of specialized mobile handsets under its customer’s brands and its own brands for clients and enterprises, and the sales of finished products to its local and international customers.

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