NetClass Technology (NASDAQ:NTCL) Issues Quarterly Earnings Results

NetClass Technology (NASDAQ:NTCL) issued its earnings results on Wednesday. The company reported ($6.35) earnings per share (EPS) for the quarter, reports. The business had revenue of $3.18 million during the quarter.

NetClass Technology Stock Performance

Shares of NetClass Technology stock traded down $0.14 during trading on Friday, reaching $3.35. The stock had a trading volume of 6,901 shares, compared to its average volume of 81,273. The stock has a fifty day moving average price of $25.65 and a two-hundred day moving average price of $21.63. NetClass Technology has a 52 week low of $3.10 and a 52 week high of $155.00.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NTCL shares. Wall Street Zen lowered shares of NetClass Technology to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP acquired a new stake in NetClass Technology Inc (NASDAQ:NTCL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned about 0.19% of NetClass Technology as of its most recent SEC filing.

NetClass Technology Company Profile

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.