Shares of Yucheng Technologies (YTEC) hit a new all-time low on Wednesday. The stock traded as low as $2.13 during mid-day trading and last traded at $2.13. The stock previously closed at $2.19.
A number of equities research firms have also recently weighed in on the stock. Analysts at Zacks Investment Research downgraded shares of Yucheng Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 3rd.
Yucheng Technologies Limited (Yucheng) is a provider of information technology (IT), software, solutions and services to the People’s Republic of China’s banking sector. The Company develops and delivers a range of technology, through the Software and Solutions businesses. In addition to Software & Solutions, the Company also provides the Platform & Maintenance Services to the clients, which involves selecting, procuring and reselling third-party hardware equipment and software applications to the clients. It also involves monitoring and assisting in the installation of such equipment and software at clients’ sites, as well as assisting in the integration of the installed equipment with clients’ existing IT systems. The Company’s subsidiaries include Beijing Yuxinyicheng Technology Limited, Beijing Sihitech Technology Co., Ltd., Beijing e-Channels Century Technology Co., Ltd., Beijing Easycon Electronics Limited and Beijing Yuxinhengsheng Information Technology Limited.
Yucheng Technologies has a 52 week low of $2.18 and a 52 week high of $4.50. The stock’s 50-day moving average is $2.48 and its 200-day moving average is $3.13. The company has a price-to-earnings ratio of 32.69.

Source:jagsreport