Positive News Coverage Somewhat Unlikely to Affect China Information Technology (CNIT) Stock Price

Media headlines about China Information Technology (NASDAQ:CNIT) have been trending positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Information Technology earned a media sentiment score of 0.42 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.7310090844283 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

• Market Update on Shares of China Information Technology Inc (CNIT) (cote-ivoire.com)
• China Information Technology, Inc. (CNIT) Upgraded to “Hold” by ValuEngine (americanbankingnews.com)
• China Information Technology : CNIT SIGNS $1.1 MILLION CLOUD-BASED AD TERMINAL CONTRACT FOR BEIIJING (4-traders.com)
• CNIT Signs $1.1 Million Cloud-Based Ad Terminal Contract for Beijing (finance.yahoo.com)

Shares of China Information Technology (NASDAQ:CNIT) traded up 1.14% during midday trading on Friday, reaching $0.89. The company had a trading volume of 91,635 shares. The stock’s 50 day moving average is $0.94 and its 200-day moving average is $0.83. China Information Technology has a 12-month low of $0.57 and a 12-month high of $1.18. The stock’s market capitalization is $35.81 million.

Separately, ValuEngine upgraded China Information Technology from a “sell” rating to a “hold” rating in a report on Friday.

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About China Information Technology

China Information Technology, Inc (CNIT), formerly China Information Security Technology, Inc, specializes in geographic information systems (GIS), digital public security and hospital information systems. CNIT manages its operations in the development areas of China including the South, the North, the East, the Central, the Southwest, the Northwest China, as well as the Northeast.