Boston, MA 06/13/2013 (wallstreetpr) – The prices of American Depository Shares of IFM Investments Limited ADR (NYSE:CTC) had declined by 10.27 percent to close at $2.90 per ADR for the end of last trading session on Wednesday. The ADRs of the company had been trading in the range of $2.85 to $3.13 per ADR during the day. The American Depository Shares of IFM Investments Limited ADR (NYSE:CTC) had recorded 52 week low price level of $1.00 per ADR and 52 week high price level of $4.35 per ADR.
IFM Investments Limited ADR (NYSE:CTC) operates in the real estate sector where it provides services related to sales of real estate properties. The operations of the company are primarily based in the People’s Republic of China. The company is also the exclusive franchisor of the brand CENTURY 21 which covers 35 cities in the People’s Republic of China.
IFM Investments Limited ADR (NYSE:CTC) operates its real estate sales business through three major segments namely company owned brokerage services segment, mortgage management services segment and franchise services segment. The company had recently revised its guidance for the second quarter revenues to the range of RMB230 million to RMB245 million, while the analysts had reported a consensus estimate of RMB193 million.
The shares of IFM Investments Limited ADR (NYSE:CTC) had recently been declining in prices with heavy trading volumes. The company had witnessed the trade of 48,042 shares on Wednesday, while the average trading volume of IFM Investments Limited ADR (NYSE:CTC) is at 12,705 shares per day.
IFM Investments Limited ADR (NYSE:CTC) presently holds 14.84 million shares outstanding in the market with an institutional ownership of 29 percent of its holdings.
