TheStreet cut shares of eFuture Information Technology Inc. (NASDAQ:EFUT) from a hold rating to a sell rating in a report published on Monday.

eFuture Information Technology (NASDAQ:EFUT) traded up 0.16% on Monday, reaching $6.20. eFuture Information Technology has a 1-year low of $4.81 and a 1-year high of $13.67. The firm’s market capitalization is $32.63 million. The firm has a 50 day moving average price of $6.17 and a 200-day moving average price of $5.74.

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An institutional investor recently raised its position in eFuture Information Technology stock. Kassirer Asset Management Corp boosted its position in shares of eFuture Information Technology Inc. (NASDAQ:EFUT) by 310.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,248 shares of the company’s stock after buying an additional 37,248 shares during the period. Kassirer Asset Management Corp owned 0.94% of eFuture Information Technology worth $303,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.56% of the company’s stock.

eFuture Information Technology Company Profile

eFuture Holding Inc, formerly eFuture Information Technology Inc, is a holding company. The Company is a software and solution provider and a mobile business enabler to China’s retail and consumer goods industries. All of the Company’s operations are conducted through its Chinese subsidiary, eFuture (Beijing) Royalstone Information Technology Inc (eFuture Beijing).

5 Day Chart for NASDAQ:EFUT

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