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Aptech shares fall 7 percent

By SiliconIndia | Tuesday, 15 December 2009, 02:29 Hrs

Bangalore: The Aptech stock finished among the top losers of the day after its price went down by nearly seven percent from its previous close. After opening trade at

193.85, the stock managed to touch an intraday high of

194, before losing steam and closing at

179.55 down 6.70 percent from its previous close of

192.45. During the day, 738,850 shares of Aptech were traded in the market with the current P/E ratio of 10.18. The 52 week stock price chart is on the left.

Aptech is a global retail and corporate training solutions provider. The services provided by the company includes IT education, animation education, aviation and hospitality education, hardware and networking education, international IT and multimedia education, corporate training, assessment solutions and content development. In June 2009, the Company completed the sale of 50 percent stake in a China joint venture and acquired 22 percent in the Beijing Jadebird IT education company.

Today, the company launched its global cloud computing program to help IT professionals to cope with the emerging trend of cloud services in IT firms. Out of the two analysts following the stock currently, the consensus recommendation is to buy the stock. DBS Chola Midcap Fund holds the highest number of Aptech shares, with 22,998 shares in its portfolio.

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