CLPS Incorporation (NASDAQ:CLPS) Share Price Breaks Below 200-Day Moving Average – Here’s What Happened

CLPS Incorporation (NASDAQ:CLPS)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.97 and traded as low as $0.9354. CLPS Incorporation shares last traded at $0.9601, with a volume of 2,831 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a research report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

CLPS Incorporation Stock Down 0.5%

The business’s fifty day moving average is $1.02 and its 200 day moving average is $0.97.

CLPS Incorporation (NASDAQ:CLPS) last posted its earnings results on Friday, October 16th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $43.56 million during the quarter.

About CLPS Incorporation

CLPS Incorporation is an information technology consulting and solutions company founded in 2005 and headquartered in Shanghai, China. The company primarily serves financial institutions, with a focus on banking, wealth management, insurance and related financial-services businesses.

CLPS provides software development, information technology consulting, systems integration, maintenance and support, and IT outsourcing services. Its offerings are designed to help clients develop, implement and manage technology platforms and business applications, including solutions for core banking, payments, customer relationship management, risk management and other financial-services operations.

The company serves clients in China and has expanded its activities internationally through operations and business relationships in markets that have included North America, Southeast Asia, Japan, Australia and Hong Kong.