3 E Network Technology Group (NASDAQ:MASK) Announces Earnings Results

3 E Network Technology Group (NASDAQ:MASK) announced its quarterly earnings results on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.86 million during the quarter.

3 E Network Technology Group Stock Performance

Shares of MASK opened at $1.38 on Thursday. 3 E Network Technology Group has a one year low of $1.19 and a one year high of $95.50. The company has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $5.32.

Institutional Trading of 3 E Network Technology Group

A hedge fund recently bought a new stake in 3 E Network Technology Group stock. L1 Global Manager Pty Ltd acquired a new position in 3 E Network Technology Group Ltd (NASDAQ:MASK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,248,611 shares of the company’s stock, valued at approximately $300,000. L1 Global Manager Pty Ltd owned 5.38% of 3 E Network Technology Group as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several research firms recently weighed in on MASK. Weiss Ratings upgraded shares of 3 E Network Technology Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of 3 E Network Technology Group to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 3 E Network Technology Group has an average rating of “Sell”.

About 3 E Network Technology Group

3 E Network Technology Group Ltd. operates as a holding company, which engages in the provision of business-to-business information technology business solutions. It offers business solutions to a variety of industries and sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The company was founded on October 6, 2021 and is headquartered in Guangzhou, China.