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YUCHENG TECHNOLOGIES (YTEC) [hlAlert]

Rating:
Buy YTEC
down 52.09 %

YUCHENG TECHNOLOGIES (YTEC) rated Buy with price target $11 by Needham

Posted on: Thursday,  Dec 3, 2009  8:25 AM ET by Needham

Needham rated Buy YUCHENG TECHNOLOGIES (NASDAQ: YTEC) on 12/03/2009, when the stock price was $8.10. Since
then, YUCHENG TECHNOLOGIES has lost 52.10% as of 12/27/2015's recent price of $3.88.
If you would have followed this Needham's recommendation on YTEC, you would have lost 52.09% of your investment in 2215 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.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/3/2009 8:25 AM Buy
None
8.10 11.00
as of 12/31/2009
1 Week down  -59.30 %
1 Month down  -53.82 %
3 Months   
1 YTD down  -53.82 %

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