Skillful Craftsman Education Technology (NASDAQ:EDTK) Shares Break Below 200-Day Moving Average – What’s Next?

Shares of Skillful Craftsman Education Technology Limited (NASDAQ:EDTK) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.97 and traded as low as $0.90. Skillful Craftsman Education Technology shares last traded at $0.92, with a volume of 327 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Skillful Craftsman Education Technology from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Skillful Craftsman Education Technology Trading Down 2.2%

The company’s fifty day moving average price is $0.96 and its 200-day moving average price is $0.97.

Skillful Craftsman Education Technology (NASDAQ:EDTK) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $0.01 million during the quarter.

Skillful Craftsman Education Technology Company Profile

Skillful Craftsman Education Technology Limited (NASDAQ: EDTK) is an education technology company focused on providing online education services in China. Through its digital education platform, the company offers vocational education and skills-training content designed to support students and other learners pursuing professional development. The company works with educational institutions and provides online courses, learning resources and related technology services. Its platform is intended to complement traditional instruction by delivering educational content and training through digital channels.