NaaS Technology (NASDAQ:NAAS) Trading Up 0.6% – Time to Buy?

NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) shares rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $3.12 and last traded at $3.12. Approximately 3,497 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 9,225 shares. The stock had previously closed at $3.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NaaS Technology in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

NaaS Technology Stock Up 0.6%

The stock’s 50-day simple moving average is $2.49 and its two-hundred day simple moving average is $2.86. The company has a market capitalization of $32.95 million, a price-to-earnings ratio of -0.04 and a beta of 0.47.

NaaS Technology (NASDAQ:NAAS) last posted its quarterly earnings data on Thursday, April 16th. The company reported ($10.10) earnings per share for the quarter. The business had revenue of $4.29 million for the quarter.

About NaaS Technology

NaaS Technology, Inc is a U.S.-based network-as-a-service provider that designs, builds and operates high-performance fiber networks for enterprise customers. The company offers subscription-based connectivity solutions that combine fiber transport, software-defined wide area networking (SD-WAN) and edge computing capabilities. By leveraging its proprietary infrastructure and network orchestration platform, NaaS delivers reliable, scalable bandwidth without the capital-intensive investment typically required for on-premises networks.

The company’s product portfolio includes dedicated fiber circuits, cloud on-ramps to leading public cloud providers, private wireless solutions and managed SD-WAN services.