Maase (NASDAQ:MAAS) Stock Price Down 5.3% – Here’s Why

Maase Inc. – Sponsored ADR (NASDAQ:MAAS) dropped 5.3% during mid-day trading on Wednesday . The stock traded as low as $18.00 and last traded at $18.48. Approximately 34,065 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 111,008 shares. The stock had previously closed at $19.51.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings started coverage on Maase in a research report on Monday, June 29th. They set a “sell (d)” rating for the company. Wall Street Zen upgraded Maase to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maase currently has an average rating of “Sell”.

Maase Price Performance

The firm has a 50-day moving average price of $15.88 and a two-hundred day moving average price of $10.27.

Maase (NASDAQ:MAAS) last posted its quarterly earnings results on Wednesday, June 24th. The company reported ($64.61) earnings per share for the quarter. The company had revenue of $0.22 million for the quarter.

Maase Company Profile

Puyi Inc provides third-party wealth management services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also provides asset management services that include managing fund of funds and non-performing loan funds; and corporate financing services. Puyi Inc was incorporated in 2018 and is headquartered in Guangzhou, China.