Maase (NASDAQ:MAAS) Shares Down 4.6% – Here’s What Happened

Maase Inc. – Sponsored ADR (NASDAQ:MAASGet Free Report) shares dropped 4.6% during trading on Friday . The company traded as low as $2.91 and last traded at $2.91. Approximately 6,459 shares traded hands during trading, a decline of 18% from the average daily volume of 7,889 shares. The stock had previously closed at $3.05.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Maase from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th.

View Our Latest Report on MAAS

Maase Trading Down 4.6%

The firm’s 50 day simple moving average is $3.55.

About Maase

(Get Free Report)

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services.

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