CLPS Incorporation (NASDAQ:CLPS) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

CLPS Incorporation (NASDAQ:CLPS)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.97 and traded as high as $1.01. CLPS Incorporation shares last traded at $1.01, with a volume of 93,899 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

CLPS Incorporation Stock Up 13.4%

The company has a fifty day moving average price of $0.98 and a 200 day moving average price of $0.97.

CLPS Incorporation (NASDAQ:CLPS) last posted its quarterly earnings results on Friday, October 16th. The company reported ($0.22) EPS for the quarter. The company had revenue of $43.56 million for the quarter.

About CLPS Incorporation

CLPS Incorporation is an information technology consulting and solutions company founded in 2005 and headquartered in Shanghai, China. The company primarily serves financial institutions, with a focus on banking, wealth management, insurance and related financial-services businesses. CLPS provides software development, information technology consulting, systems integration, maintenance and support, and IT outsourcing services. Its offerings are designed to help clients develop, implement and manage technology platforms and business applications, including solutions for core banking, payments, customer relationship management, risk management and other financial-services operations.