Wall Street Zen Downgrades Next Technology (NASDAQ:NXTT) to Sell

Next Technology (NASDAQ:NXTT) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Next Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Next Technology presently has an average rating of “Sell”.

Next Technology Price Performance

Shares of NASDAQ:NXTT opened at $22.79 on Friday. The company’s fifty day moving average is $120.42 and its two-hundred day moving average is $236.38. Next Technology has a 12-month low of $20.14 and a 12-month high of $960.00.

Next Technology (NASDAQ:NXTT) last announced its earnings results on Wednesday, October 8th. The company reported ($6.86) earnings per share (EPS) for the quarter. The business had revenue of $1.79 million for the quarter.

Institutional Investors Weigh In On Next Technology

Several large investors have recently modified their holdings of NXTT. Qube Research & Technologies Ltd acquired a new stake in shares of Next Technology in the second quarter worth $32,000. XTX Topco Ltd acquired a new stake in shares of Next Technology in the second quarter worth $76,000. Tower Research Capital LLC TRC acquired a new stake in shares of Next Technology in the second quarter worth $92,000. Vident Advisory LLC acquired a new stake in shares of Next Technology in the second quarter worth $124,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Next Technology in the second quarter worth $412,000. 2.71% of the stock is owned by institutional investors.

Next Technology Company Profile

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.