NEW YORK (
-- Yucheng Technologies
) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
Yucheng Technologies Limited, together with its subsidiaries, provides information technology (IT), software, solutions, and services to the banking sector in the People's Republic of China. The company has a P/E ratio of 37.7, above the average computer software & services industry P/E ratio of 34.6 and above the S&P 500 P/E ratio of 23.2. Yucheng has a market cap of $73 million and is part of the
industry. Shares are up 14% year to date as of the close of trading on Friday.
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