Paranovus Entertainment Technology (NASDAQ:PAVS) Shares Down 3.3% – Time to Sell?

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) shares were down 3.3% during mid-day trading on Tuesday . The company traded as low as $1.18 and last traded at $1.19. Approximately 75,664 shares changed hands during trading, a decline of 89% from the average daily volume of 676,327 shares. The stock had previously closed at $1.23.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Paranovus Entertainment Technology to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Paranovus Entertainment Technology presently has an average rating of “Sell”.

Paranovus Entertainment Technology Trading Down 3.3%

The stock’s fifty day moving average is $1.69 and its 200-day moving average is $43.76.

Paranovus Entertainment Technology (NASDAQ:PAVS) last issued its quarterly earnings data on Friday, December 5th. The company reported ($0.50) earnings per share for the quarter. The business had revenue of $6.21 million for the quarter.

About Paranovus Entertainment Technology

Paranovus Entertainment Technology, Inc (NASDAQ: PAVS) is a development‐stage technology company specializing in digital media solutions for the casino gaming, hospitality and entertainment sectors. The company’s core business revolves around the design, development and deployment of interactive software and hardware platforms that enhance guest engagement, streamline operations and deliver targeted advertising in high‐traffic venues.

Central to Paranovus’ offerings is its PAVS platform, an integrated system that supports virtual‐reality experiences, digital signage, social media kiosks and interactive gaming modules.