CLPS Incorporation (NASDAQ:CLPS) Stock Price Down 3.5% – Here’s What Happened

CLPS Incorporation (NASDAQ:CLPS) shares dropped 3.5% during mid-day trading on Monday . The company traded as low as $0.9651 and last traded at $0.9651. Approximately 10,794 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 15,646 shares. The stock had previously closed at $1.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CLPS Incorporation in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CLPS Incorporation Price Performance

The business’s fifty day simple moving average is $1.04 and its 200-day simple moving average is $0.98.

CLPS Incorporation (NASDAQ:CLPS) last posted its earnings results on Friday, March 6th. The company reported $0.03 earnings per share for the quarter.

CLPS Incorporation Company Profile

CLPS Incorporation is a Nasdaq-listed provider of digital transformation consulting and IT outsourcing services. The company delivers end-to-end solutions that encompass system integration, custom application development, quality assurance, maintenance and support. CLPS positions itself as a partner for enterprises seeking to streamline operations, modernize legacy systems and accelerate time-to-market through agile software engineering practices.

The firm’s core offerings include enterprise application development, fintech and blockchain solutions, cloud migration, data analytics and automation services.