Next Technology (NASDAQ:NXTT) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Next Technology's stock has received a sell (D) rating from Weiss Ratings, with an overall consensus rating of “Sell” according to MarketBeat.com.
• The company reported a substantial loss with earnings per share (EPS) of ($6.86) and revenues of $1.79 million for the recent quarter.
• Several institutional investors, including Invesco Ltd., have recently acquired new stakes in Next Technology, indicating some interest despite the stock's poor ratings.

Next Technology (NASDAQ:NXTT - Get Free Report)'s stock had its "sell (d)" rating reissued by analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Next Technology from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Next Technology currently has a consensus rating of "Sell".

Next Technology Trading Down 0.7%

Shares of Next Technology stock opened at $23.27 on Friday. Next Technology has a 1 year low of $20.14 and a 1 year high of $960.00. The firm's 50-day moving average is $60.13 and its two-hundred day moving average is $233.02.

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

Institutional Trading of Next Technology

A number of institutional investors have recently modified their holdings of NXTT. Invesco Ltd. acquired a new stake in Next Technology in the 2nd quarter worth approximately $788,000. Geode Capital Management LLC acquired a new stake in Next Technology in the 2nd quarter worth approximately $412,000. Vident Advisory LLC acquired a new stake in Next Technology in the 2nd quarter worth approximately $124,000. Tower Research Capital LLC TRC acquired a new stake in Next Technology in the 2nd quarter worth approximately $92,000. Finally, XTX Topco Ltd acquired a new stake in Next Technology in the 2nd quarter worth approximately $76,000. 2.71% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.