Next Technology (NASDAQ:NXTT) Trading Down 6% - Time to 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.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Next Technology to a "hold" rating in a report on Saturday, June 21st.

Next Technology Trading Down 7.3%

The company's 50-day simple moving average is $2.09 and its 200-day simple moving average is $1.35.

Next Technology (NASDAQ:NXTT - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.01) earnings per share for the quarter.

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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