NetClass Technology (NASDAQ:NTCL) Trading Down 0.2% – What’s Next?

NetClass Technology Inc (NASDAQ:NTCL) traded down 0.2% during mid-day trading on Friday . The stock traded as low as $0.48 and last traded at $0.4902. 71,303 shares were traded during mid-day trading, a decline of 84% from the average session volume of 436,072 shares. The stock had previously closed at $0.4910.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

NetClass Technology Trading Down 0.2%

The company has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.74. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.07.

NetClass Technology (NASDAQ:NTCL) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $3.08 million during the quarter.

Institutional Trading of NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP acquired a new stake in shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology as of its most recent filing with the SEC.

NetClass Technology Company Profile

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.