Next Technology (NASDAQ:NXTT) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Next Technology (NASDAQ:NXTT) to a strong sell rating in a report published on Saturday morning.

Separately, Weiss Ratings lowered Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Next Technology Price Performance

NXTT stock opened at $7.72 on Friday. Next Technology has a 12 month low of $5.22 and a 12 month high of $25,200.00. The firm’s 50-day moving average is $74.30 and its 200 day moving average is $164.03. The company has a market capitalization of $11.35 million, a PE ratio of -0.00 and a beta of 6.14.

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

Hedge Funds Weigh In On Next Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Next Technology during the third quarter valued at approximately $42,000. Empowered Funds LLC bought a new stake in Next Technology during the 4th quarter valued at $61,000. Bridgeway Capital Management LLC purchased a new position in shares of Next Technology in the 4th quarter valued at $61,000. Qube Research & Technologies Ltd purchased a new position in shares of Next Technology in the 2nd quarter valued at $32,000. Finally, DRW Securities LLC bought a new position in shares of Next Technology in the 4th quarter worth $183,000. 2.71% of the stock is currently owned by 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.