Next Technology (NASDAQ:NXTT) Stock Price Down 2.3% – Here’s What Happened

Next Technology Holding Inc. (NASDAQ:NXTT) shares fell 2.3% during mid-day trading on Thursday . The stock traded as low as $1.29 and last traded at $1.30. Approximately 153,247 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 166,861 shares. The stock had previously closed at $1.33.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Next Technology in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Next Technology currently has an average rating of “Sell”.

Next Technology Stock Performance

The stock has a market cap of $99.14 million, a PE ratio of -0.02 and a beta of 6.06. The company has a 50 day moving average of $1.47 and a two-hundred day moving average of $3.22.

Next Technology (NASDAQ:NXTT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($11.86) earnings per share (EPS) for the quarter. The business had revenue of $0.47 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NXTT. Invesco Ltd. purchased a new position in shares of Next Technology during the 2nd quarter valued at approximately $788,000. Geode Capital Management LLC purchased a new stake in Next Technology in the 2nd quarter worth $412,000. Vident Advisory LLC purchased a new stake in Next Technology in the 2nd quarter worth $124,000. Tower Research Capital LLC TRC purchased a new stake in Next Technology in the 2nd quarter worth $92,000. Finally, XTX Topco Ltd acquired a new position in Next Technology during the second quarter worth $76,000. Hedge funds and other institutional investors own 2.71% of the company’s stock.

Next Technology Company Profile

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.