Longtop Financial Technologies Ltd. (LFT) rose more than 1.3% today on low volume of 621,000 shares, versus the daily average of 907,163.
In the last month, all 4 covering analysts raised their forecasts for the fiscal year ending March 2010, sending the consensus estimate higher by 9 cents, or 8.9%, to $1.10 per share.
On May 27, the company reported fiscal fourth-quarter EPS of 18 cents, which topped the consensus by 20%.
This Zacks #1 Rank (“Strong Buy”) company topped estimates 3 times over the past 4 quarters and matched once.
“LFT” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
