Next Technology Holding Inc. (NASDAQ:NXTT – Get Free Report)’s stock price hit a new 52-week low on Monday . The company traded as low as $0.0570 and last traded at $5.8160, with a volume of 15467618 shares traded. The stock had previously closed at $6.01.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Report on NXTT
Next Technology Stock Down 4.7%
Next Technology (NASDAQ:NXTT – Get Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported ($20.00) earnings per share for the quarter. The business 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%.
Hedge Funds Weigh In On Next Technology
Several institutional investors and hedge funds have recently bought and sold shares of NXTT. Empowered Funds LLC purchased a new stake in Next Technology in the fourth quarter worth about $61,000. Bridgeway Capital Management LLC purchased a new position in shares of Next Technology during the 4th quarter valued at about $61,000. DRW Securities LLC purchased a new position in shares of Next Technology during the 4th quarter valued at about $183,000. BNP Paribas Financial Markets bought a new position in shares of Next Technology during the 3rd quarter valued at approximately $42,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Next Technology during the 2nd quarter valued at approximately $92,000. 2.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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