NEW YORK (TheStreet) -- Shares of China Information Technology (Nasdaq:CNIT) have taken a tremendous swing upward. The stock is trading at $1.56 as of 11:50 a.m. ET, 26.8% above Monday's closing price of $1.23. Volume is at 543,569, 5.1 times the daily average of 107,000. China Information Technology has a market cap of $32.3 million and is part of the technology sector and computer software & services industry. Shares are down 2.9% year to date as of the close of trading on Monday. China Information Technology Inc. provides integrated solutions for the geographic information systems (GIS), digital public security technology (DPST), and the digital hospital information systems markets in the People's Republic of China. The company has a P/E ratio of 3.8, below the average computer software & services industry P/E ratio of four and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China Information Technology as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full China Information Technology Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
Latest Headlines about CNIT
Latest from TheStreet Wire
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV