Next Technology (NASDAQ:NXTT) Given Sell (D) Rating at Weiss Ratings

Key Points

• Next Technology (NASDAQ:NXTT) has been given a "sell (d)" rating by Weiss Ratings, which reflects a negative outlook on the stock.
• Despite the sell rating from Weiss, Wall Street Zen has upgraded the shares to a "hold," indicating mixed sentiments among analysts.
• Next Technology reported a disappointing quarterly earnings of ($6.86) EPS, contributing to a significant decline in its stock price, which currently stands at around $25.45.

Next Technology (NASDAQ:NXTT - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Next Technology to a "hold" rating in a research note on Saturday, June 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Next Technology Stock Performance

Shares of Next Technology stock opened at $25.45 on Wednesday. The company's fifty day simple moving average is $135.12 and its 200-day simple moving average is $234.52. Next Technology has a 1 year low of $20.14 and a 1 year high of $960.00.

Next Technology (NASDAQ:NXTT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 8th. The company reported ($6.86) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Next Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. acquired a new stake in shares of Next Technology in the 2nd quarter valued at $788,000. Geode Capital Management LLC bought a new position in Next Technology in the 2nd quarter worth approximately $412,000. Vident Advisory LLC bought a new position in Next Technology in the 2nd quarter worth approximately $124,000. Tower Research Capital LLC TRC bought a new position in Next Technology in the 2nd quarter worth approximately $92,000. Finally, XTX Topco Ltd bought a new position in Next Technology in the 2nd quarter worth approximately $76,000. 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.

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.