Next Technology (NASDAQ:NXTT) Shares Up 0.6% – Here’s Why

Shares of Next Technology Holding Inc. (NASDAQ:NXTT) shot up 0.6% during trading on Wednesday . The stock traded as high as $1.6390 and last traded at $1.56. 91,885 shares changed hands during trading, a decline of 23% from the average session volume of 119,367 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Next Technology Stock Up 14.6%

The firm’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $3.84.

Next Technology (NASDAQ:NXTT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($11.86) earnings per share for the quarter. The business had revenue of $0.47 million for the quarter.

Hedge Funds Weigh In On Next Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in shares of Next Technology in the 2nd quarter valued at approximately $32,000. BNP Paribas Financial Markets acquired a new position in Next Technology during the 3rd quarter worth approximately $42,000. Empowered Funds LLC acquired a new position in Next Technology during the 4th quarter worth approximately $61,000. Bridgeway Capital Management LLC bought a new stake in Next Technology during the 4th quarter worth approximately $61,000. Finally, XTX Topco Ltd bought a new stake in Next Technology during the 2nd quarter worth approximately $76,000. 2.71% of the stock is currently owned by institutional investors and hedge funds.

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.