Next Technology (NASDAQ:NXTT) Earns Sell (D) Rating from Weiss Ratings

Next Technology (NASDAQ:NXTT)‘s stock had its “sell (d)” rating restated by research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Next Technology from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Next Technology currently has a consensus rating of “Sell”.

Next Technology Trading Down 0.7%

NXTT stock opened at $23.27 on Friday. Next Technology has a 52 week low of $20.14 and a 52 week high of $960.00. The firm has a 50 day moving average of $60.13 and a 200 day moving average of $233.02.

Next Technology (NASDAQ:NXTT) last announced its quarterly earnings data on Wednesday, October 8th. The company reported ($6.86) EPS for the quarter. The business had revenue of $1.79 million for the quarter.

Hedge Funds Weigh In On Next Technology

Institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in shares of Next Technology during the 2nd quarter valued at approximately $32,000. XTX Topco Ltd purchased a new position in shares of Next Technology during the 2nd quarter valued at approximately $76,000. Tower Research Capital LLC TRC purchased a new position in shares of Next Technology during the 2nd quarter valued at approximately $92,000. Vident Advisory LLC purchased a new position in shares of Next Technology during the 2nd quarter valued at approximately $124,000. Finally, Geode Capital Management LLC purchased a new position in shares of Next Technology during the 2nd quarter valued at approximately $412,000. 2.71% of the stock is owned by hedge funds and other institutional investors.

About Next Technology

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.