Equities analysts predict that Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) will post sales of $214.88 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ninetowns Internet Technlgy Grp’s earnings. The highest sales estimate is $218.15 million and the lowest is $211.00 million. The firm is scheduled to announce its next earnings results on Monday, November 12th.

According to Zacks, analysts expect that Ninetowns Internet Technlgy Grp will report full year sales of $808.21 million for the current year, with estimates ranging from $793.00 million to $826.61 million. For the next year, analysts anticipate that the company will post sales of $951.92 million, with estimates ranging from $927.00 million to $980.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Ninetowns Internet Technlgy Grp.

Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last released its quarterly earnings data on Monday, August 13th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. The company had revenue of $205.49 million during the quarter, compared to the consensus estimate of $190.71 million.

A number of research firms recently commented on NINE. Piper Jaffray Companies set a $40.00 price objective on Ninetowns Internet Technlgy Grp and gave the company a “buy” rating in a report on Friday, August 17th. Credit Suisse Group dropped their price objective on Ninetowns Internet Technlgy Grp from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, August 14th. Zacks Investment Research raised Ninetowns Internet Technlgy Grp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Bank of America assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Wednesday. They issued a “buy” rating for the company. Finally, Wells Fargo & Co reissued a “positive” rating and issued a $45.00 target price on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.86.

NASDAQ NINE traded down $0.90 on Friday, reaching $37.35. The company had a trading volume of 242,600 shares, compared to its average volume of 188,256. Ninetowns Internet Technlgy Grp has a 52 week low of $22.23 and a 52 week high of $40.39.

In other Ninetowns Internet Technlgy Grp news, insider Edward Bruce Morgan sold 20,500 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $30.14, for a total value of $617,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Ninetowns Internet Technlgy Grp by 2.8% during the second quarter. Northern Trust Corp now owns 82,960 shares of the company’s stock worth $2,748,000 after buying an additional 2,250 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Ninetowns Internet Technlgy Grp during the second quarter worth about $162,000. Citadel Advisors LLC boosted its position in shares of Ninetowns Internet Technlgy Grp by 11.8% during the second quarter. Citadel Advisors LLC now owns 46,763 shares of the company’s stock worth $1,549,000 after buying an additional 4,930 shares during the period. American International Group Inc. acquired a new position in shares of Ninetowns Internet Technlgy Grp during the first quarter worth about $127,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ninetowns Internet Technlgy Grp during the first quarter worth about $152,000.

About Ninetowns Internet Technlgy Grp

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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