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BREAKING- China Techfaith Spikes 24 Percent – Why? (CNTF)

Shares of China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) rallied 24 percent around 12:40 p.m. EDT Tuesday. The stock has traded 1.2 million shares versus an average volume 140,000. According to theflyonthewall, the move is being attributed to positive comments from an investing firm. Twitter has some noteworthy comments on the name. Read those below.

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Company Profile:

China Techfaith Wireless Communication Technology Limited engages in the original design, development, and sale of handsets. It offers various types of mobile handset design services, including mobile handset design services based on existing platforms, successor model design services, and mobile handset design services based on new platforms. The company’s services include industrial design, hardware design, component selection and sourcing, prototype testing, pilot production, and production support. Its products comprise feature phones, smart phones, wireless modules and data cards, and other components, such as printed circuit board assemblies, as well as wireless software and applications. – from Yahoo Finance

Twitter Chatter:

[stock-tools exchange="NASDAQ" symbol="CNTF" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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