Next Technology (NASDAQ:NXTT) Posts Quarterly Earnings Results

Key Points

• Next Technology reported a quarterly loss of ($6.86) earnings per share, indicating financial difficulties.
• The stock is currently trading at $25.75, down $0.58, with a significant range from a 52-week low of $20.14 to a high of $960.00.
• Several institutional investors recently increased their stakes in Next Technology, with a total of 2.71% of the stock owned by these investors.

Next Technology (NASDAQ:NXTT - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($6.86) earnings per share for the quarter, Zacks reports.

Next Technology Price Performance

Next Technology stock traded down $0.58 during trading on Wednesday, reaching $25.75. The company had a trading volume of 50,645 shares, compared to its average volume of 92,317. Next Technology has a 52 week low of $20.14 and a 52 week high of $960.00. The firm's 50-day simple moving average is $141.77 and its 200 day simple moving average is $235.97.

Hedge Funds Weigh In On Next Technology

A number of institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new stake in Next Technology during the second quarter valued at about $32,000. XTX Topco Ltd bought a new stake in Next Technology during the second quarter valued at about $76,000. Tower Research Capital LLC TRC bought a new stake in Next Technology during the second quarter valued at about $92,000. Vident Advisory LLC bought a new stake in Next Technology during the second quarter valued at about $124,000. Finally, Geode Capital Management LLC purchased a new position in shares of Next Technology during the second quarter valued at about $412,000. 2.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NXTT. Wall Street Zen raised Next Technology to a "hold" rating in a research report on Saturday, June 21st. Weiss Ratings reissued a "sell (d)" rating on shares of Next Technology in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

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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