CLPS Incorporation (NASDAQ:CLPS) Trading Down 0.5% – Here’s What Happened

CLPS Incorporation (NASDAQ:CLPS)’s share price traded down 0.5% during mid-day trading on Wednesday . The stock traded as low as $0.9001 and last traded at $0.9250. 7,083 shares were traded during trading, a decline of 57% from the average session volume of 16,642 shares. The stock had previously closed at $0.93.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, CLPS Incorporation currently has an average rating of “Sell”.

CLPS Incorporation Stock Down 0.5%

The company has a fifty day simple moving average of $0.97 and a two-hundred day simple moving average of $0.95.

CLPS Incorporation (NASDAQ:CLPS) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $42.54 million during 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.