Next Technology (NASDAQ:NXTT) Announces Earnings Results

Key Points

• Next Technology reported earnings of $0.27 per share for the quarter, according to Zacks.
• The company's shares fell 7.9% to $1.74 during trading, significantly below its 50-day moving average of $2.08.
• Geode Capital Management LLC has recently acquired a new position in Next Technology, purchasing 179,088 shares valued at approximately $412,000.

Next Technology (NASDAQ:NXTT - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports.

Next Technology Trading Down 7.9%

Shares of NASDAQ NXTT traded down $0.15 during trading on Friday, reaching $1.74. 218,222 shares of the stock were exchanged, compared to its average volume of 3,067,454. Next Technology has a twelve month low of $0.22 and a twelve month high of $4.80. The business's 50-day moving average price is $2.08 and its 200 day moving average price is $1.34.

Hedge Funds Weigh In On Next Technology

An institutional investor recently bought a new position in Next Technology stock. Geode Capital Management LLC purchased a new position in Next Technology Holding Inc. (NASDAQ:NXTT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 179,088 shares of the company's stock, valued at approximately $412,000. 2.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Next Technology to a "hold" rating in a research report on Saturday, June 21st.

Next Technology Company Profile

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems.

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