Next Technology (NASDAQ:NXTT) Trading Up 0.3% – Still a Buy?

Next Technology Holding Inc. (NASDAQ:NXTT) was up 0.3% on Thursday . The stock traded as high as $6.93 and last traded at $6.67. Approximately 31,085 shares traded hands during trading, a decline of 78% from the average daily volume of 139,624 shares. The stock had previously closed at $6.65.

Wall Street Analysts Forecast Growth

Several research firms have commented on NXTT. Wall Street Zen lowered shares of Next Technology from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (d)” rating on shares of Next Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Next Technology presently has a consensus rating of “Sell”.

Next Technology Stock Performance

The firm has a market capitalization of $22.96 million, a P/E ratio of 0.18 and a beta of 7.14. The stock’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $174.81.

Next Technology (NASDAQ:NXTT) last released its quarterly earnings data on Wednesday, October 8th. The company reported ($6.86) earnings per share for the quarter. The company had revenue of $1.79 million for the quarter.

Hedge Funds Weigh In On Next Technology

Several institutional investors have recently bought and sold shares of NXTT. Qube Research & Technologies Ltd purchased a new stake in Next Technology during the second quarter worth $32,000. BNP Paribas Financial Markets bought a new stake in Next Technology during the third quarter valued at about $42,000. XTX Topco Ltd purchased a new position in Next Technology in the second quarter valued at about $76,000. Tower Research Capital LLC TRC bought a new position in Next Technology in the second quarter worth about $92,000. Finally, Vident Advisory LLC purchased a new stake in shares of Next Technology during the second quarter valued at about $124,000. 2.71% of the stock is owned by hedge funds and other institutional investors.

About Next Technology

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.