NaaS Technology (NASDAQ:NAAS) Trading Down 0.6% – What’s Next?

NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) traded down 0.6% on Tuesday . The stock traded as low as $3.35 and last traded at $3.50. 17,611 shares were traded during mid-day trading, a decline of 45% from the average session volume of 31,880 shares. The stock had previously closed at $3.52.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised NaaS Technology from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings restated a “sell (e+)” rating on shares of NaaS Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NaaS Technology currently has an average rating of “Sell”.

NaaS Technology Trading Down 0.6%

The firm’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $3.46. The company has a market capitalization of $7.56 million, a price-to-earnings ratio of -0.02 and a beta of 0.56.

NaaS Technology (NASDAQ:NAAS) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $0.00 EPS for the quarter.

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.