Longtop Financial Stock Falls On Unusually High Volume (LFT)
Longtop Financial Technologies (NYSE:LFT) is trading at unusually high volume Monday with 5.8 million shares changing hands. It is currently at four times its average daily volume and trading down $2.20 (-10.9%).
NEW YORK ( TheStreet) -- Longtop Financial Technologies (NYSE: LFT) is trading at unusually high volume Monday with 5.8 million shares changing hands. It is currently at four times its average daily volume and trading down $2.20 (-10.9%) at $18.01 as of 3:16 p.m. ET. Longtop Financial has a market cap of $1.1 billion and is part of the technology sector and computer software & services industry. Shares are down 44.1% year to date as of the previous trading day's close. Longtop Financial Technologies Limited, together with its subsidiaries, designs, develops, and delivers software solutions and information technology (IT) services to the financial services industry in the People's Republic of China. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 16.7. TheStreet Ratings rates Longtop Financial as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Longtop Financial Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.