What’s Propelling China TechFaith Wireless Communication Technology Limited (CNTF) to Decline So Much?

July 13, 2018 - By Russell Jones

The stock of China TechFaith Wireless Communication Technology Limited (NASDAQ:CNTF) is a huge mover today! The stock decreased 16.33% or $0.49 during the last trading session, reaching $2.51. About 366,122 shares traded or 274.17% up from the average. China TechFaith Wireless Communication Technology Limited (NASDAQ:CNTF) has declined 10.22% since July 14, 2017 and is downtrending. It has underperformed by 22.79% the S&P500.
The move comes after 7 months negative chart setup for the $26.57 million company. It was reported on Jul, 14 by Barchart.com. We have $2.38 PT which if reached, will make NASDAQ:CNTF worth $1.33 million less.

More important recent China TechFaith Wireless Communication Technology Limited (NASDAQ:CNTF) news were published by: Benzinga.com which released: “30 Stocks Moving In Friday’s Mid-Day Session” on July 13, 2018, also Benzinga.com published article titled: “44 Biggest Movers From Yesterday”, Benzinga.com published: “24 Stocks Moving In Friday’s Mid-Day Session” on July 13, 2018. More interesting news about China TechFaith Wireless Communication Technology Limited (NASDAQ:CNTF) was released by: Nasdaq.com and their article: “Mid-Day Market Update: Crude Oil Down Over 1%; IZEA Shares Spike Higher” with publication date: July 12, 2018.

China Techfaith Wireless Communication Technology Limited engages in the original design and development of specialized mobile handsets for clients and enterprises in the People's Republic of China and internationally. The company has market cap of $26.57 million. It operates through Mobile Phone and Real Estate divisions. It currently has negative earnings. The firm offers mobile handset design services based on existing platforms, successor model design services, and mobile handset design services based on new platforms.

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