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1 Comment
China Information Technology Development Limited is currently in a long term downtrend where the price is trading 15.8% below its 200 day moving average.
From a valuation standpoint, the stock is 74.0% cheaper than other stocks from the Technology sector with a price to sales ratio of 0.9.
China Information Technology Development Limited's total revenue sank by 49.1% to $11M since the same quarter in the previous year.
Its net income has increased by 98.1% to $-332K since the same quarter in the previous year.
Finally, its free cash flow grew by 140.8% to $13M since the same quarter in the previous year.
Based on the above factors, China Information Technology Development Limited gets an overall score of 3/5.
| Sector | Technology |
|---|---|
| Industry | Information Technology Services |
| Exchange | HK |
| CurrencyCode | HKD |
| ISIN | KYG215501357 |
| PE Ratio | None |
|---|---|
| Target Price | None |
| Beta | -0.22 |
| Market Cap | 219M |
| Dividend Yield | None |
China Information Technology Development Limited, an investment holding company, provides system integration and related support services in Hong Kong and the People's Republic of China. It operates through Provision of IT Infrastructure Solutions and Maintenance Services (IT Solutions and Maintenance); Securities investments; and Rental of Properties segments. The company offers software development, system integration, technical support, and maintenance services; IT infrastructure solutions; and office management services. It is also involved in sale of computer hardware and software; rental of properties; securities trading; big data application activities; provision of telecommunications consultancy, cloud services, managed IT services, support consultancy, and intelligent retail system services; and assets acquisition, and management and consultancy services. The company was formerly known as Xteam Software International Limited. China Information Technology Development Limited was founded in 2001 and is headquartered in Kwun Tong, Hong Kong.
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