Mirae Asset Global Investments Co. Ltd. acquired a new stake in Maase Inc. (NASDAQ:MAAS – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 170,123 shares of the company’s stock, valued at approximately $2,780,000.
Maase Stock Performance
MAAS stock traded down $0.39 on Friday, reaching $10.19. The company’s stock had a trading volume of 75,999 shares, compared to its average volume of 72,237. The business has a fifty day simple moving average of $14.01 and a two-hundred day simple moving average of $11.66. Maase Inc. has a 12-month low of $3.52 and a 12-month high of $24.90.
Maase (NASDAQ:MAAS – Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut Maase from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Report on Maase
About Maase
Maase Inc operates as an integrated provider and operator of an artificial intelligence AI-centric full-scene digital systems. The company focuses on areas of flexible energy deployment and intelligent commercial network operation, and provide closed-loop solutions from computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries. The company was founded in 2010 and is based in Chengdu, China.
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