Next Technology (NASDAQ:NXTT) Trading Down 5.1% – Should You Sell?

Next Technology Holding Inc. (NASDAQ:NXTT) shares traded down 5.1% during trading on Monday . The company traded as low as $2.90 and last traded at $2.97. 22,295 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 66,494 shares. The stock had previously closed at $3.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Next Technology has a consensus rating of “Sell”.

Next Technology Stock Performance

The firm has a market capitalization of $8.52 million, a P/E ratio of 0.07 and a beta of 7.18. The firm has a 50 day moving average price of $5.63 and a two-hundred day moving average price of $38.34.

Institutional Trading of Next Technology

Hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in shares of Next Technology in the second quarter worth approximately $32,000. BNP Paribas Financial Markets acquired a new position in Next Technology in the 3rd quarter worth approximately $42,000. Empowered Funds LLC purchased a new position in Next Technology during the 4th quarter worth approximately $61,000. Bridgeway Capital Management LLC acquired a new stake in Next Technology during the 4th quarter valued at $61,000. Finally, XTX Topco Ltd acquired a new stake in Next Technology during the 2nd quarter valued at $76,000. 2.71% of the stock is owned by hedge funds and other institutional investors.

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.