China Techfaith Wireless Comm. Tech. (NASDAQ:CNTF) Shares Cross Below Fifty Day Moving Average of $0.55

China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.55 and traded as low as $0.57. China Techfaith Wireless Comm. Tech. shares last traded at $0.57, with a volume of 600 shares changing hands.

The business’s 50-day moving average is $0.54.

China Techfaith Wireless Comm. Tech. Company Profile (NASDAQ:CNTF)

China TechFaith Wireless Communication Technology Limited engages in the original design and development of specialized mobile handsets for consumers and enterprises in the People's Republic of China and internationally. It operates through Mobile Phone Business and Real Estate segments. The company offers handset design services through outsourcing of EMS providers who engage in assembly and manufacturing operations; and offer testing services of the assembled printed circuit boards, systems, and subsystems for Chinese mobile handset brand owners and international mobile handset brand owners.

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