DALLAS, June 9, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring China Information Technology Inc. (Nasdaq:CNIT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/CNIT
China Information Technology Inc. (CNIT) is a provider of integrated solutions for the Geographic Information Systems (GIS), Digital Public Security Technology (DPST) and the Digital Hospital Information Systems (DHIS) markets in China. It provides a broad portfolio of fully integrated solutions and services, encompassing both software development and display technologies. The Company's customers are mostly public sector entities that use its products and services to improve the service quality and management level and efficiency of public security, traffic control, fire control, medical rescue, border control, surveying and mapping, as well as healthcare management.
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In the report, the analyst notes:
"CNIT spiked more than 33% to close Wednesday at $1.92. In the past 52 weeks, shares of CNIT have traded between a low of $1.40 and a high of $6.78. Approximately 2.3 million shares have traded hands during the session, versus the average daily volume of 1.58 million. CNIT is currently below its 50-day and 200-day moving averages of $2.48 and $3.93, respectively."
"CNIT reported revenue of $26.95 million for the three months ended March 31, 2011, compared to $25.31 million for the three months ended March 31, 2010, representing an increase of $1.64 million, or 6.5%. The Company attributed the increase to the strong demand of system integration solutions for the Shenzhen Summer Universiade to be held in August 2011, as well as the strong growth of display products."
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