Next Technology (NASDAQ:NXTT) Trading Down 6% - Should You Sell?

Key Points

• Next Technology Holding Inc. shares decreased by 6%, trading as low as $1.90 during the session with a significant drop in trading volume, down 99% from average daily levels.
• Wall Street Zen upgraded the stock to a "hold" rating as of June 21st, amidst fluctuating stock performance.
• The company's recent quarterly earnings report indicated an earnings per share of ($0.01), highlighting ongoing financial challenges.

Shares of Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) fell 6% on Monday . The company traded as low as $1.90 and last traded at $1.87. 21,952 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 3,145,876 shares. The stock had previously closed at $1.99.

Analysts Set New Price Targets

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

Next Technology Price Performance

The firm has a 50-day simple moving average of $2.08 and a 200 day simple moving average of $1.34.

Next Technology (NASDAQ:NXTT - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.27 earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Next Technology stock. Geode Capital Management LLC acquired a new stake in Next Technology Holding Inc. (NASDAQ:NXTT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 179,088 shares of the company's stock, valued at approximately $412,000. Hedge funds and other institutional investors own 2.71% of the company's stock.

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.