CLPS Incorporation (NASDAQ:CLPS) Stock Jumps 3% – What’s Next?

CLPS Incorporation (NASDAQ:CLPS) shot up 3% during trading on Monday. The stock traded as high as $1.00 and last traded at $0.9650. Approximately 2,987 shares changed hands during trading, a decline of 63% from the average session volume of 8,093 shares. The stock had previously closed at $0.9370.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

CLPS Incorporation Price Performance

The company’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $0.97.

CLPS Incorporation (NASDAQ:CLPS) last issued its earnings results on Friday, October 16th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $43.56 million during the quarter.

CLPS Incorporation Company Profile

CLPS Incorporation is an information technology consulting and solutions company founded in 2005 and headquartered in Shanghai, China. The company primarily serves financial institutions, with a focus on banking, wealth management, insurance and related financial-services businesses.

CLPS provides software development, information technology consulting, systems integration, maintenance and support, and IT outsourcing services. Its offerings are designed to help clients develop, implement and manage technology platforms and business applications, including solutions for core banking, payments, customer relationship management, risk management and other financial-services operations.

The company serves clients in China and has expanded its activities internationally through operations and business relationships in markets that have included North America, Southeast Asia, Japan, Australia and Hong Kong.