eFuture Information Technology Inc. (NASDAQ:EFUT) was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Monday.

eFuture Information Technology (NASDAQ:EFUT) opened at 6.20 on Monday. The stock’s market capitalization is $32.63 million. The firm’s 50-day moving average is $6.17 and its 200 day moving average is $5.74. eFuture Information Technology has a 1-year low of $4.81 and a 1-year high of $13.67.

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A hedge fund recently raised its stake in eFuture Information Technology stock. Kassirer Asset Management Corp boosted its stake in shares of eFuture Information Technology Inc. (NASDAQ:EFUT) by 310.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,248 shares of the company’s stock after buying an additional 37,248 shares during the period. Kassirer Asset Management Corp owned approximately 0.94% of eFuture Information Technology worth $303,000 as of its most recent filing with the SEC. 1.56% of the stock is currently owned by hedge funds and other institutional investors.

About eFuture Information Technology

eFuture Holding Inc, formerly eFuture Information Technology Inc, is a holding company. The Company is a software and solution provider and a mobile business enabler to China’s retail and consumer goods industries. All of the Company’s operations are conducted through its Chinese subsidiary, eFuture (Beijing) Royalstone Information Technology Inc (eFuture Beijing).

5 Day Chart for NASDAQ:EFUT

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