Cloopen Group (NYSE:RAAS) Shares Down 1% – Should You Sell?

Cloopen Group Holding Limited (NYSE:RAASGet Free Report)’s share price dropped 1% during mid-day trading on Friday . The company traded as low as $0.95 and last traded at $1.00. Approximately 1,917 shares were traded during trading, The stock had previously closed at $1.01.

Cloopen Group Price Performance

The company’s fifty day simple moving average is $1.08 and its 200 day simple moving average is $0.60.

Cloopen Group Company Profile

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Cloopen Group Holding Limited, through its subsidiaries, provides cloud communication services in the People's Republic of China. It offers River Soldier CRM, an intelligent marketing system and digital operation management platform; AI vision technology; Ladder AI Kernal, a natural language processing technology; Smart IVR, an intelligent navigation robot; Rongxi assistive robot technology; and Rongxi sparring robot that helps enterprises solve problems.

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