Datasea (NASDAQ:DTSS) Shares Down 6.6% – Here’s Why

Datasea Inc. (NASDAQ:DTSS) shares dropped 6.6% during trading on Wednesday. The stock traded as low as $0.5220 and last traded at $0.5380. Approximately 119,257 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 9,658,649 shares. The stock had previously closed at $0.5761.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Datasea from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Datasea presently has a consensus rating of “Sell”.

Datasea Trading Down 6.6%

The business’s fifty day simple moving average is $0.74 and its 200 day simple moving average is $0.82. The stock has a market cap of $5.61 million, a P/E ratio of -1.68 and a beta of 0.80.

About Datasea

Datasea Inc is a technology company focused on 5G communications, acoustic intelligence and smart-city applications. Through its technology platforms and subsidiaries, the company develops solutions intended to support communications infrastructure, intelligent urban services and data-driven business operations.

Its product and service areas have included 5G-related equipment and applications, millimeter-wave communications technologies, artificial-intelligence and acoustic products, and smart-city solutions.