CLPS Incorporation (NASDAQ:CLPS) Trading Down 0.8% – What’s Next?

Shares of CLPS Incorporation (NASDAQ:CLPS) fell 0.8% during mid-day trading on Wednesday . The stock traded as low as $1.17 and last traded at $1.17. 1,883 shares were traded during mid-day trading, a decline of 91% from the average session volume of 21,821 shares. The stock had previously closed at $1.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CLPS Incorporation Stock Performance

The stock has a fifty day simple moving average of $0.97 and a 200-day simple moving average of $0.97.

CLPS Incorporation (NASDAQ:CLPS) last issued its quarterly earnings results on Friday, October 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $40.85 million for the quarter.

About CLPS Incorporation

CLPS Incorporation is a Nasdaq-listed provider of digital transformation consulting and IT outsourcing services. The company delivers end-to-end solutions that encompass system integration, custom application development, quality assurance, maintenance and support. CLPS positions itself as a partner for enterprises seeking to streamline operations, modernize legacy systems and accelerate time-to-market through agile software engineering practices.

The firm’s core offerings include enterprise application development, fintech and blockchain solutions, cloud migration, data analytics and automation services.