Nomura assumed coverage on shares of Chinasoft International (OTCMKTS:CFTLF – Get Rating) in a research note issued on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.
Separately, The Goldman Sachs Group cut shares of Chinasoft International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 1st.
CFTLF opened at $0.77 on Tuesday. The firm has a 50-day moving average price of $0.80 and a 200-day moving average price of $1.09. Chinasoft International has a twelve month low of $0.68 and a twelve month high of $3.40.
Chinasoft International Limited, together with its subsidiaries, develops and provides information technology (IT) solutions, IT outsourcing, and training services. It operates through Technical Professional Services Group and Internet IT Services Group segments. The company offers CloudEasy, a cloud management platform; Huaxia Cloud, a cloud brokerage platform; Tencent Cloud that provides cloud consultation, migration, operation and maintenance management, and application development and integration; enterprise cloud disk; and cloud shop O2O platform.
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