Cloopen Group Holding Limited Sponsored ADR (NYSE:RAAS – Get Free Report)’s stock price shot up 2% during mid-day trading on Friday. The company traded as high as $2.58 and last traded at $2.58. Approximately 3,094 shares traded hands during mid-day trading, The stock had previously closed at $2.53.
Cloopen Group Stock Performance
The firm has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.16.
About Cloopen Group
Cloopen Group Holding Limited is a China-based cloud communications service provider that delivers communications solutions to enterprise customers. The company’s platform is designed to help businesses manage voice, messaging, video and other digital communications through cloud-based infrastructure.
Its principal offerings include communications platform as a service (CPaaS), unified communications as a service (UCaaS) and cloud-based contact-center solutions. These services can support functions such as customer engagement, business messaging, voice communications, online meetings and collaboration, allowing organizations to integrate communications capabilities into their applications and operating workflows.
Founded in 2013 and headquartered in Beijing, Cloopen primarily serves businesses and organizations in China.
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