Next Technology Shares to Reverse Split on Monday, August 10th (NASDAQ:NXTT)

Next Technology Holding Inc. (NASDAQ:NXTTFree Report)’s stock is scheduled to reverse split on Monday, August 10th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 9th.

Next Technology Price Performance

Shares of NASDAQ:NXTT traded down $0.02 during midday trading on Thursday, hitting $0.07. The company had a trading volume of 23,138,079 shares, compared to its average volume of 7,907,960. The company has a market cap of $10.61 million, a price-to-earnings ratio of -0.00 and a beta of 6.14. Next Technology has a 12-month low of $0.07 and a 12-month high of $401.74. The company has a fifty day moving average of $1.11 and a two-hundred day moving average of $2.12.

Next Technology (NASDAQ:NXTTGet Free Report) last announced its earnings results on Friday, July 24th. The company reported ($0.20) EPS for the quarter. The company had revenue of $0.84 million during the quarter. Next Technology had a negative return on equity of 60.08% and a negative net margin of 2,355.97%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Next Technology currently has an average rating of “Sell”.

Read Our Latest Report on NXTT

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Next Technology in the third quarter valued at about $42,000. Empowered Funds LLC bought a new stake in Next Technology during the 4th quarter valued at approximately $61,000. Bridgeway Capital Management LLC bought a new stake in Next Technology during the 4th quarter valued at approximately $61,000. Qube Research & Technologies Ltd purchased a new position in Next Technology in the 2nd quarter worth approximately $32,000. Finally, DRW Securities LLC purchased a new position in Next Technology in the 4th quarter worth approximately $183,000. Institutional investors own 2.71% of the company’s stock.

About Next Technology

(Get Free Report)

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.

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