Maase (NASDAQ:MAAS) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Maase Inc. (NASDAQ:MAAS)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.61 and traded as low as $10.99. Maase shares last traded at $11.1260, with a volume of 128,724 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Maase from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Maase Stock Down 3.7%

The company has a fifty day moving average price of $14.01 and a two-hundred day moving average price of $11.66.

Maase (NASDAQ:MAAS) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Maase

An institutional investor recently bought a new position in Maase stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Maase Inc. (NASDAQ:MAAS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 170,123 shares of the company’s stock, valued at approximately $2,780,000. Mirae Asset Global Investments Co. Ltd. owned 1.07% of Maase as of its most recent SEC filing.

About Maase

Maase Inc operates as an integrated provider and operator of an artificial intelligence AI-centric full-scene digital systems. The company focuses on areas of flexible energy deployment and intelligent commercial network operation, and provide closed-loop solutions from computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries. The company was founded in 2010 and is based in Chengdu, China.