CLPS Incorporation (NASDAQ:CLPS) Shares Down 3.4% – Time to Sell?

by · The Markets Daily

CLPS Incorporation (NASDAQ:CLPS – Get Free Report)’s share price dropped 3.4% during trading on Monday . The stock traded as low as $0.8405 and last traded at $0.8405. Approximately 23,641 shares traded hands during trading, an increase of 132% from the average daily volume of 10,189 shares. The stock had previously closed at $0.87.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CLPS Incorporation currently has a consensus rating of “Sell”.

View Our Latest Report on CLPS Incorporation

CLPS Incorporation Price Performance

The company’s 50 day simple moving average is $0.88 and its 200 day simple moving average is $0.96.

CLPS Incorporation (NASDAQ:CLPS – Get Free Report) last issued its quarterly earnings results on Friday, October 17th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $40.85 million during the quarter.

CLPS Incorporation Company Profile

(Get Free Report)

CLPS Incorporation is a Nasdaq-listed provider of digital transformation consulting and IT outsourcing services. The company delivers end-to-end solutions that encompass system integration, custom application development, quality assurance, maintenance and support. CLPS positions itself as a partner for enterprises seeking to streamline operations, modernize legacy systems and accelerate time-to-market through agile software engineering practices.

The firm’s core offerings include enterprise application development, fintech and blockchain solutions, cloud migration, data analytics and automation services.

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