NaaS Technology (NASDAQ:NAAS) Stock Price Up 2.7% – Time to Buy?

Shares of NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) rose 2.7% during trading on Monday . The stock traded as high as $3.80 and last traded at $3.76. Approximately 10,579 shares changed hands during trading, a decline of 93% from the average daily volume of 154,362 shares. The stock had previously closed at $3.66.

Analyst Ratings Changes

A number of equities analysts have recently commented on NAAS shares. Wall Street Zen upgraded NaaS Technology from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of NaaS Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

NaaS Technology Trading Down 2.2%

The stock has a market capitalization of $7.74 million, a P/E ratio of -0.02 and a beta of 0.68. The company has a fifty day simple moving average of $3.64 and a two-hundred day simple moving average of $3.62.

NaaS Technology Company Profile

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers’ management, order management, load management, and membership management.