Next Technology (NASDAQ:NXTT) Releases Earnings Results

Next Technology (NASDAQ:NXTT) posted its quarterly earnings results on Friday. The company reported ($0.20) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.84 million for the quarter.

Next Technology Price Performance

NXTT traded down $0.10 during trading on Friday, hitting $0.61. The company’s stock had a trading volume of 288,124 shares, compared to its average volume of 705,896. The firm’s 50 day moving average price is $1.30 and its 200-day moving average price is $2.61. The stock has a market cap of $46.84 million, a PE ratio of -0.01 and a beta of 6.06. Next Technology has a twelve month low of $0.45 and a twelve month high of $476.00.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Next Technology in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Next Technology presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Next Technology

Several institutional investors have recently added to or reduced their stakes in NXTT. Empowered Funds LLC acquired a new stake in shares of Next Technology during the 4th quarter worth $61,000. Bridgeway Capital Management LLC acquired a new position in Next Technology in the fourth quarter valued at $61,000. DRW Securities LLC purchased a new stake in Next Technology during the fourth quarter valued at about $183,000. BNP Paribas Financial Markets purchased a new stake in Next Technology during the third quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Next Technology during the second quarter worth about $92,000. 2.71% of the stock is currently owned by institutional investors and hedge funds.

Next Technology Company Profile

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. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.