November 21, 2016 - By kentuckypostne · 0 Comments
China Information Security Technology Inc (NASDAQ:CNIT) institutional sentiment increased to 1 in Q2 2016. Its up 0.67, from 0.33 in 2016Q1. The ratio increased, as 1 institutional investors increased and started new positions, while 3 cut down and sold stock positions in China Information Security Technology Inc. The institutional investors in our partner’s database now own: 335,178 shares, down from 370,440 shares in 2016Q1. Also, the number of institutional investors holding China Information Security Technology Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 2 Increased: 0 New Position: 1.
About 37,284 shares traded hands. China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) has declined 44.03% since April 19, 2016 and is downtrending. It has underperformed by 47.89% the S&P500.
According to Zacks Investment Research, “China Information Technology, Inc., formerly known as China Information Security Technology, specializes in Geographic Information Systems, Digital Information Security Technology, and Digital Hospital Information Systems in China. The Company’s total solutions include specialized software, hardware, systems integration and related services. Its products include First Responder Coordination Platform, Intelligent Recognition System, Residence Card Information Management System, Police-use and Civil-use GIS products, Digital Hospital Information System, as well as high-end multimedia display systems and technology. The Company provides services to sectors including public security, medical and healthcare, land resource, urban planning, surveying and mapping, electricity, telecom, transportation, electronics, education, coal-mining, media and internet. China Information Technology, Inc. is headquartered in Shenzhen, People’s Republic of China.”
California Public Employees Retirement System holds 0% of its portfolio in China Information Technology, Inc. – Ordinary Shares for 44,800 shares. Citadel Advisors Llc owns 25,838 shares or 0% of their US portfolio. Moreover, Geode Capital Management Llc has 0% invested in the company for 24,922 shares. The Illinois-based Group One Trading L.P. has invested 0% in the stock. Renaissance Technologies Llc, a New York-based fund reported 97,400 shares.#img1#
China Information Technology, Inc. (CNIT), incorporated on June 18, 2012, is a well-known provider of integrated cloud platform, exchange and big data solutions. The Company’s Internet ecosystem enables the participants of the media community to promote brands, disseminate information, and exchange resources. The Firm operates through two divisions: Cloud Technology (CBT) segment and Traditional Information Technology (TIT) segment. The CBT segment is its focus of corporate development. The CBT segment includes its cloud services and products sold to private sectors, including new media, healthcare, education and residential community management. In the CBT segment, the Company engages in the sale of hardware and total solutions of hardware, integrated with its software and content. The TIT segment includes its project technology services and products sold to the public sector, including geographic information systems (GIS), digital public security technology (DPST), and digital hospital information systems (DHIS). In the TIT segment, the Company engages in the sale of software and systems integration services.
More notable recent China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) news were published by: Quotes.Wsj.com which released: “News China Information Technology Inc.CNIT” on February 13, 2011, also Finance.Yahoo.com with their article: “CNIT Chairman & CEO to Purchase Up to $1 Million of Company’s Ordinary Shares” published on November 10, 2016, Investorideas.com published: “CNIT (Nasdaq: CNIT) Chairman & CEO to Purchase Up to $1 Million of Company’s …” on November 10, 2016. More interesting news about China Information Technology, Inc. – Ordinary Shares (NASDAQ:CNIT) were released by: Prnewswire.com and their article: “CNIT Announces the Receipt of a Preliminary Non-Binding “Going Private” Proposal” published on June 22, 2015 as well as Benzinga.com‘s news article titled: “YY Might Go Private…What Other Chinese Companies Are Up For Grabs?” with publication date: July 09, 2015.
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Tags: Ordinary Shares