Maase (NASDAQ:MAAS) Stock Falls 8.1% – Here’s What Happened

Maase Inc. (NASDAQ:MAAS)’s share price fell 8.1% on Wednesday. The stock traded as low as $10.99 and last traded at $11.1260. Approximately 128,724 shares traded hands during mid-day trading, an increase of 85% from the average session volume of 69,728 shares. The stock had previously closed at $12.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Maase in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Maase Stock Down 8.1%

The firm has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $11.61.

Maase (NASDAQ:MAAS) last issued its earnings results on Monday, October 26th. The company reported $0.64 earnings per share for the quarter.

Institutional Trading of Maase

An institutional investor recently bought a new stake in Maase stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Maase Inc. (NASDAQ:MAAS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 170,123 shares of the company’s stock, valued at approximately $2,780,000. Mirae Asset Global Investments Co. Ltd. owned about 1.07% of Maase as of its most recent filing with the SEC.

About Maase

Maase Inc operates as an integrated provider and operator of an artificial intelligence AI-centric full-scene digital systems. The company focuses on areas of flexible energy deployment and intelligent commercial network operation, and provide closed-loop solutions from computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries. The company was founded in 2010 and is based in Chengdu, China.