NetClass Technology (NASDAQ:NTCL) Posts Earnings Results

NetClass Technology (NASDAQ:NTCL) announced its earnings results on Wednesday. The company reported ($6.35) earnings per share (EPS) for the quarter, reports. The firm had revenue of $3.18 million during the quarter.

NetClass Technology Trading Up 6.2%

NTCL stock traded up $0.20 during midday trading on Wednesday, reaching $3.41. The stock had a trading volume of 266,727 shares, compared to its average volume of 80,016. NetClass Technology has a 52-week low of $3.10 and a 52-week high of $155.00. The company’s fifty day simple moving average is $26.32 and its 200 day simple moving average is $21.89.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of NetClass Technology to a “strong sell” rating in a research report on Sunday, July 12th. Weiss Ratings lowered shares of NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NetClass Technology presently has an average rating of “Sell”.

Hedge Funds Weigh In On NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP bought a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned about 0.19% of NetClass Technology at the end of the most recent reporting period.

About NetClass Technology

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.