NaaS Technology (NASDAQ:NAAS) Trading Up 7.5% – Time to Buy?

NaaS Technology Inc. (NASDAQ:NAAS) shares traded up 7.5% on Thursday . The company traded as high as $2.18 and last traded at $2.15. 89,807 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 748,685 shares. The stock had previously closed at $2.00.

NaaS Technology Trading Down 4.7 %

The company’s 50-day moving average is $2.58 and its two-hundred day moving average is $3.53. The firm has a market cap of $38.09 million, a P/E ratio of -0.21 and a beta of 0.90.

Institutional Trading of NaaS Technology

A hedge fund recently bought a new stake in NaaS Technology stock. LMR Partners LLP bought a new stake in NaaS Technology Inc. (NASDAQ:NAAS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 221,832 shares of the company’s stock, valued at approximately $885,000. LMR Partners LLP owned approximately 1.72% of NaaS Technology as of its most recent SEC filing. Institutional investors and hedge funds own 1.83% of the company’s stock.

NaaS Technology Company Profile

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers’ management, order management, load management, and membership management.