Datasea (NASDAQ:DTSS) Shares Down 19.9% – Time to Sell?

Datasea Inc. (NASDAQ:DTSS)’s share price was down 19.9% during trading on Monday . The company traded as low as $1.03 and last traded at $1.17. Approximately 136,932 shares changed hands during trading, an increase of 251% from the average daily volume of 39,005 shares. The stock had previously closed at $1.46.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Datasea in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Datasea Price Performance

The stock’s 50 day moving average is $1.97 and its 200-day moving average is $2.04. The company has a market capitalization of $9.66 million, a P/E ratio of -1.31 and a beta of 0.20.

Datasea (NASDAQ:DTSS) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.02) earnings per share for the quarter. Datasea had a negative net margin of 5.17% and a negative return on equity of 110.80%.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea at the end of the most recent quarter. 82.07% of the stock is owned by institutional investors and hedge funds.

About Datasea

Datasea Inc, through its subsidiaries, provides technology and information systems in the People's Republic of China. The company provides smart city solutions and 5G messaging applications. It also offers its smart security solutions primarily to schools, tourist or scenic attractions, and public communities.