Maase (NASDAQ:MAAS) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Maase Inc. (NASDAQ:MAAS) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $11.61 and traded as low as $10.99. Maase shares last traded at $11.1260, with a volume of 128,724 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Maase in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Maase has an average rating of “Sell”.

Maase Price Performance

The firm has a fifty day simple moving average of $14.23 and a 200 day simple moving average of $11.61.

Maase (NASDAQ:MAAS) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.64 EPS for the quarter.

Institutional Trading of Maase

A hedge fund recently bought a new stake in Maase stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Maase Inc. (NASDAQ:MAAS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 170,123 shares of the company’s stock, valued at approximately $2,780,000. Mirae Asset Global Investments Co. Ltd. owned approximately 1.07% of Maase as of its most recent filing with the Securities & Exchange Commission.

About Maase

Maase Inc operates as an integrated provider and operator of an artificial intelligence AI-centric full-scene digital systems. The company focuses on areas of flexible energy deployment and intelligent commercial network operation, and provide closed-loop solutions from computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries. The company was founded in 2010 and is based in Chengdu, China.