CLPS Incorporation (NASDAQ:CLPS) Shares Up 3% – Time to Buy?

CLPS Incorporation (NASDAQ:CLPS)’s stock price traded up 3% on Monday. The company traded as high as $1.00 and last traded at $0.9650. Approximately 2,987 shares changed hands during trading, a decline of 63% from the average daily volume of 8,093 shares. The stock had previously closed at $0.9370.

Analyst Ratings Changes

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

CLPS Incorporation Stock Up 3.0%

The stock’s fifty day simple moving average is $1.01 and its two-hundred day simple moving average is $0.97.

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

The company serves clients in China and has expanded its activities internationally through operations and business relationships in markets that have included North America, Southeast Asia, Japan, Australia and Hong Kong.