NetClass Technology Shares to Reverse Split on Monday, July 6th (NASDAQ:NTCL)

NetClass Technology Inc (NASDAQ:NTCL)’s stock is scheduled to reverse split before the market opens on Monday, July 6th. The 1-50 reverse split was announced on Wednesday, July 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, July 2nd.

NetClass Technology Stock Down 26.5%

NASDAQ:NTCL opened at $0.10 on Thursday. NetClass Technology has a 1 year low of $0.10 and a 1 year high of $3.10. The stock’s 50 day simple moving average is $0.61 and its two-hundred day simple moving average is $0.49.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On NetClass Technology

An institutional investor recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned about 0.19% of NetClass Technology as of its most recent filing with the Securities and Exchange Commission.

About NetClass Technology

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.