TheStreet Fitch maintain network Qin stock rating

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Beijing time November 14 Evening News, the U.S. rating agency TheStreet Fitch today issued an investment report to maintain the NetQin stock (NYSE:NQ) "Hold" rating.

The following is a summary of the contents of the report:

Trade-ideas, a real-time market information provider, today saw the performance of the NetQin stock as a "oversold rebound", which is based on the following factors:

1 The average turnover of the net-Qin Day (average trading volume *) was 157.1 million USD.

2 today turnover of 9.7 million shares.

3 shares rose 3.4% today.

4 shares fell 8.8% yesterday.

In the past 30 days, the Net Qin Stock Average daily trading volume of 6.9 million shares. As of this Tuesday, NetQin's shares have risen 136.9% this year.

The strong performance of NetQin is reflected in a number of areas, such as strong revenue growth, stable finance, reasonable debt, and stable stock prices. But at the same time, we have seen the lack of netqin, such as a deterioration in net profits, disappointing returns on equity (return on Equity), and weak earnings growth per share.

1 net Qinying income growth is strong, exceeding the industry average of 7.1%, reaching 107.4%. But revenue growth has not boosted earnings per share, and the latter has slipped.

2 The Net Qin has no debt, so the debt equity ratio is 0, this is a positive factor. The fast ratio of the NetQin is kept at 4.70, which means the company can meet the short-term cash demand.

3 compared with the closing price of a year ago, NetQin's shares rose 63.73% per cent, which was better than the performance of the entire market.

4 Net profit Year-on-year gains, the performance of the Net Qin is not as well as the standard and poor 500 index, the year-on-year decline of 8.3%.

5 The return on equity fell slightly year-on-year. In the software industry and other companies across the market, the return on equity in NetQin is well below the industry average and is below the standard and Poor's 500 index.