Maase (NASDAQ:MAAS) Stock Falls 8.1% – Here’s What Happened

Maase Inc. (NASDAQ:MAAS) traded down 8.1% during trading on Wednesday. The company traded as low as $10.99 and last traded at $11.1260. 128,724 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 69,728 shares. The stock had previously closed at $12.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Maase in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Maase Price Performance

The business’s 50 day moving average is $14.23 and its 200-day moving average is $11.61.

Maase (NASDAQ:MAAS) last released its quarterly earnings data on Monday, October 26th. The company reported $0.64 earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Maase stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Maase Inc. (NASDAQ:MAAS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 170,123 shares of the company’s stock, valued at approximately $2,780,000. Mirae Asset Global Investments Co. Ltd. owned approximately 1.07% of Maase as of its most recent SEC filing.

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.