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YUCHENG TECHNOLOGIES (YTEC) [hlAlert]

Rating:
Buy YTEC
down 50.63 %

YUCHENG TECHNOLOGIES (YTEC) rated Buy

Posted on: Thursday,  Nov 8, 2007  1:25 PM ET by Avondale Partners

Avondale Partners rated Buy YUCHENG TECHNOLOGIES (NASDAQ: YTEC) on 11/08/2007. Previously Avondale Partners rated Buy YUCHENG TECHNOLOGIES (NASDAQ: YTEC) on 09/11/2007.,
when the stock price was $7.86. Since then, YUCHENG TECHNOLOGIES has lost 50.64% as of 12/27/2015's recent price of $3.88.
If you would have followed the previous Avondale Partners's recommendation on YTEC, you would have lost 50.63% of your investment in 3029 days.

Yucheng Technologies Limited (Yucheng) is a provider of information technology (IT), software, solutions and services to China?s banking sector. Based on the nature of its solutions and services, Yucheng categorizes them as Software & Solutions, and Platform & Maintenance Services (POS). Software & Solutions includes the development and sale of the Company?s software solutions, IT consulting and implementation, and customized software development. Platform & Maintenance Services relates to the procurement, re-sale, installation, integration and maintenance of third-party hardware and software. In January 2008, the Company acquired the remaining 25% interest in Beijing Easycon Electronics Limited (Easycon), which is a provider of IT solutions and service to SMBs in China, which, as of December 31, 2008, was a wholly owned subsidiary. On August 2008, Yucheng established a joint venture Elegon Infotech, Ltd., a joint venture with 3i Infotech of India.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2007 1:25 PM Buy
None
13.70 21.90
as of 8/27/2015
1 Week up  0.25 %
1 Month up  0.51 %
3 Months up  0.25 %
1 YTD down  -69.54 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2007 3:25 PM Buy
None
14.05 20.40
9/11/2007 1:25 PM Buy
None
7.86 13.60

(*) Stock Price at the time of the recommendation.
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