Next Technology (NASDAQ:NXTT) Posts Earnings Results

Next Technology (NASDAQ:NXTT) announced its earnings results on Friday. The company reported ($0.20) EPS for the quarter, FiscalAI reports. The company had revenue of $0.84 million during the quarter.

Next Technology Stock Performance

Shares of NASDAQ NXTT opened at $0.61 on Friday. The stock has a market cap of $46.84 million, a price-to-earnings ratio of -0.01 and a beta of 6.06. Next Technology has a fifty-two week low of $0.45 and a fifty-two week high of $476.00. The firm’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $2.60.

Hedge Funds Weigh In On Next Technology

A number of hedge funds have recently bought and sold shares of NXTT. Geode Capital Management LLC bought a new position in shares of Next Technology during the second quarter valued at about $412,000. XTX Topco Ltd purchased a new stake in shares of Next Technology during the 2nd quarter valued at $76,000. Invesco Ltd. purchased a new position in shares of Next Technology in the 2nd quarter worth about $788,000. Qube Research & Technologies Ltd bought a new stake in Next Technology in the second quarter worth about $32,000. Finally, Vident Advisory LLC bought a new position in shares of Next Technology during the 2nd quarter valued at approximately $124,000. 2.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Next Technology in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Next Technology currently has an average rating of “Sell”.

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.