NetClass Technology (NASDAQ:NTCL) Trading 4.6% Higher – Here’s What Happened

Shares of NetClass Technology Inc (NASDAQ:NTCL – Get Free Report) rose 4.6% during trading on Thursday . The company traded as high as $2.12 and last traded at $2.05. Approximately 10,188 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 26,925 shares. The stock had previously closed at $1.96.

Analysts Set New Price Targets

NTCL has been the subject of several recent research reports. Wall Street Zen upgraded shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings lowered shares of NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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NetClass Technology Stock Down 4.7%

The firm has a 50-day moving average of $2.71 and a 200 day moving average of $16.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

NetClass Technology (NASDAQ:NTCL – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported ($6.35) earnings per share for the quarter. The business had revenue of $3.18 million during the quarter.

NetClass Technology Company Profile

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Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.

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