Next Technology (NASDAQ:NXTT) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Next Technology has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting negative sentiment from analysts towards the stock.
• The company's recent earnings report indicated a loss of ($6.86) earnings per share, with revenue of $1.79 million for the quarter.
• Currently, institutional investors and hedge funds own approximately 2.71% of Next Technology's stock, with several firms acquiring new stakes in the company during the second quarter.

Next Technology (NASDAQ:NXTT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Next Technology in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Next Technology Stock Performance

Shares of NXTT stock opened at $22.79 on Friday. Next Technology has a 1-year low of $20.14 and a 1-year high of $960.00. The stock's fifty day moving average price is $120.42 and its 200 day moving average price is $233.99.

Next Technology (NASDAQ:NXTT - Get Free Report) last announced its earnings results on Wednesday, October 8th. The company reported ($6.86) earnings per share for the quarter. The company had revenue of $1.79 million during the quarter.

Institutional Trading of Next Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new stake in Next Technology during the 2nd quarter worth about $32,000. XTX Topco Ltd acquired a new stake in Next Technology during the 2nd quarter worth about $76,000. Tower Research Capital LLC TRC acquired a new stake in Next Technology during the 2nd quarter worth about $92,000. Vident Advisory LLC acquired a new stake in Next Technology during the 2nd quarter worth about $124,000. Finally, Geode Capital Management LLC acquired a new position in shares of Next Technology in the 2nd quarter valued at about $412,000. Institutional investors and hedge funds own 2.71% of the company's stock.

About Next Technology

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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