NetClass Technology (NASDAQ:NTCL) Trading Down 9% – Time to Sell?

NetClass Technology Inc (NASDAQ:NTCLGet Free Report)’s share price traded down 9% on Thursday . The stock traded as low as $0.2523 and last traded at $0.2860. 425,584 shares changed hands during trading, a decline of 23% from the average session volume of 556,124 shares. The stock had previously closed at $0.3143.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NetClass Technology in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on NetClass Technology

NetClass Technology Stock Performance

The firm’s fifty day moving average is $0.38 and its 200-day moving average is $0.97. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.07.

NetClass Technology (NASDAQ:NTCLGet Free Report) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.16) EPS for the quarter. The business had revenue of $3.08 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new stake in NetClass Technology Inc (NASDAQ:NTCLFree Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned about 0.19% of NetClass Technology at the end of the most recent quarter.

NetClass Technology Company Profile

(Get Free Report)

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.

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