Next Technology (NASDAQ:NXTT) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Next Technology (NASDAQ:NXTT) to a strong sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings downgraded shares of Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Next Technology presently has a consensus rating of “Sell”.

Next Technology Stock Down 4.2%

Shares of NASDAQ NXTT opened at $7.66 on Friday. The stock’s 50-day simple moving average is $77.54 and its two-hundred day simple moving average is $168.89. Next Technology has a twelve month low of $5.22 and a twelve month high of $25,600.00. The firm has a market capitalization of $11.26 million, a P/E ratio of -0.00 and a beta of 6.14.

Next Technology (NASDAQ:NXTT) last issued its quarterly earnings results on Friday, July 24th. The company reported ($20.00) earnings per share (EPS) for the quarter. Next Technology had a negative net margin of 2,355.97% and a negative return on equity of 60.08%. The business had revenue of $0.84 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Next Technology during the third quarter worth about $42,000. XTX Topco Ltd purchased a new position in shares of Next Technology in the 2nd quarter worth about $76,000. Qube Research & Technologies Ltd bought a new position in shares of Next Technology during the 2nd quarter valued at about $32,000. Invesco Ltd. bought a new position in shares of Next Technology during the 2nd quarter valued at about $788,000. Finally, Geode Capital Management LLC bought a new position in shares of Next Technology during the 2nd quarter valued at about $412,000. Institutional investors own 2.71% of the company’s stock.

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. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.