Datasea (NASDAQ:DTSS) Shares Down 19.9% – Here’s Why

Datasea Inc. (NASDAQ:DTSS)’s share price dropped 19.9% on Monday . The company traded as low as $1.03 and last traded at $1.17. Approximately 136,932 shares changed hands during mid-day trading, an increase of 251% from the average daily volume of 39,005 shares. The stock had previously closed at $1.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Datasea in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Datasea Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14. The company has a market cap of $11.31 million, a PE ratio of -3.14 and a beta of 0.20. The firm’s 50-day simple moving average is $1.95 and its two-hundred day simple moving average is $2.04.

Datasea (NASDAQ:DTSS) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. Datasea had a negative return on equity of 110.68% and a negative net margin of 5.17%.

Institutional Trading of Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP bought a new position in shares of Datasea Inc. (NASDAQ:DTSS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea at the end of the most recent reporting period. Institutional investors own 82.07% of the company’s stock.

About Datasea

Datasea Inc, through its subsidiaries, provides technology and information systems in the People's Republic of China. The company provides smart city solutions and 5G messaging applications. It also offers its smart security solutions primarily to schools, tourist or scenic attractions, and public communities.