David Crombie Sells 27,011 Shares of Ninetowns Internet Technlgy Grp Co Ltd. (NINE) Stock

Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) insider David Crombie sold 27,011 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $21.61, for a total transaction of $583,707.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

David Crombie also recently made the following trade(s):

  • On Wednesday, March 13th, David Crombie sold 60,000 shares of Ninetowns Internet Technlgy Grp stock. The stock was sold at an average price of $22.40, for a total transaction of $1,344,000.00.

NINE stock traded up $0.09 during trading hours on Thursday, reaching $22.16. The stock had a trading volume of 4,879 shares, compared to its average volume of 133,218. Ninetowns Internet Technlgy Grp Co Ltd. has a fifty-two week low of $19.02 and a fifty-two week high of $40.39.



Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $229.45 million for the quarter, compared to analysts’ expectations of $231.71 million.

Several brokerages recently commented on NINE. Goldman Sachs Group began coverage on shares of Ninetowns Internet Technlgy Grp in a report on Sunday, March 10th. They set a “buy” rating and a $33.00 target price for the company. Tudor Pickering upgraded shares of Ninetowns Internet Technlgy Grp from a “hold” rating to a “buy” rating and set a $24.79 target price for the company in a report on Tuesday, February 5th. Raymond James increased their target price on shares of Ninetowns Internet Technlgy Grp from $31.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Friday, March 8th. Finally, Zacks Investment Research upgraded shares of Ninetowns Internet Technlgy Grp from a “sell” rating to a “hold” rating in a report on Friday, March 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $36.75.

Hedge funds have recently made changes to their positions in the business. Pearl River Capital LLC acquired a new stake in Ninetowns Internet Technlgy Grp in the fourth quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ninetowns Internet Technlgy Grp by 107.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,417 shares of the company’s stock valued at $32,000 after acquiring an additional 734 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Ninetowns Internet Technlgy Grp in the first quarter valued at $35,000. Great West Life Assurance Co. Can acquired a new stake in Ninetowns Internet Technlgy Grp in the fourth quarter valued at $39,000. Finally, Legal & General Group Plc lifted its stake in Ninetowns Internet Technlgy Grp by 18.8% in the fourth quarter. Legal & General Group Plc now owns 2,639 shares of the company’s stock valued at $59,000 after acquiring an additional 418 shares during the last quarter.

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Ninetowns Internet Technlgy Grp Company Profile

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

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