Next Technology (NASDAQ:NXTT) Sets New 1-Year Low – Should You Sell?

Shares of Next Technology Holding Inc. (NASDAQ:NXTT) hit a new 52-week low during trading on Monday . The company traded as low as $0.0570 and last traded at $5.8160, with a volume of 15467618 shares changing hands. The stock had previously closed at $6.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Next Technology Stock Down 4.7%

The firm’s fifty day simple moving average is $1.08 and its 200-day simple moving average is $2.07. The firm has a market capitalization of $843.29 million, a PE ratio of -0.04 and a beta of 6.14.

Next Technology (NASDAQ:NXTT) last posted its quarterly earnings results on Friday, July 24th. The company reported ($20.00) EPS for the quarter. The firm had revenue of $0.84 million for the quarter. Next Technology had a negative net margin of 2,355.97% and a negative return on equity of 60.08%.

Institutional Trading of Next Technology

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in shares of Next Technology in the 4th quarter worth $61,000. Bridgeway Capital Management LLC bought a new position in shares of Next Technology during the fourth quarter valued at $61,000. DRW Securities LLC bought a new position in shares of Next Technology during the fourth quarter valued at $183,000. BNP Paribas Financial Markets purchased a new stake in shares of Next Technology during the third quarter valued at $42,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Next Technology during the second quarter valued at $92,000. 2.71% of the stock is currently 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.