NaaS Technology (NASDAQ:NAAS) Hits New 12-Month Low at $5.23
NaaS Technology Inc. shares plunged to hit a new 52-week low on Friday, trading as low as $5.23, with a volume of 51,648 shares changing hands. The stock previously closed at $7.09.
NaaS Technology Price Performance
The company has a market cap of $73.80 million, a PE ratio of -0.34, and a beta of 0.98. Key financial metrics include a quick ratio of 1.12, a current ratio of 1.15, and a debt-to-equity ratio of 3.26. Notably, NaaS Technology has a 50-day simple moving average of $13.71 and a 200-day simple moving average of $24.72.
NaaS Technology last issued its quarterly earnings data on Thursday, May 9th. The company reported a disappointing ($1.40) earnings per share (EPS) for the quarter. The firm recorded revenue of $13.33 million, with a negative return on equity of 885.88% and a negative net margin of 376.49%.
Institutional Inflows and Outflows
Notably, several institutional investors and hedge funds have recently adjusted their positions in NaaS Technology. Bristlecone Advisors LLC acquired a new stake valued at $27,000 during the fourth quarter. EWA LLC also made a new investment worth approximately $29,000 in the same period. Laidlaw Wealth Management LLC boosted its investment by a substantial 242.8%, now owning 193,414 shares valued at $294,000 after purchasing an additional 137,000 shares in the last quarter. 1.83% of the stock is currently owned by hedge funds and other institutional investors.
About NaaS Technology
NaaS Technology Inc. provides electric vehicle (EV) charging services in China. The company offers a range of online EV charging solutions, including mobility connectivity services through Kuaidian. It also provides SaaS products for traffic support and management, marketing, payment processing, charger management, order management, load management, and membership management.
Keep an eye on NaaS Technology as the company navigates these challenging financial waters.
Source: Bloomberg
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