NetClass Technology (NASDAQ:NTCL) Announces 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 business had revenue of $3.18 million for the quarter.

NetClass Technology Stock Performance

NTCL opened at $3.41 on Thursday. The stock’s fifty day simple moving average is $25.96 and its 200 day simple moving average is $21.80. NetClass Technology has a 1-year low of $3.10 and a 1-year high of $155.00.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NTCL shares. Wall Street Zen downgraded NetClass Technology to a “strong sell” rating in a report on Sunday, July 12th. Weiss Ratings cut shares of NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new stake in NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology as of its most recent filing with the Securities and Exchange Commission.

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.