CLPS Incorporation (NASDAQ:CLPS) Stock Price Down 1.2% – Time to Sell?

CLPS Incorporation (NASDAQ:CLPS)’s share price was down 1.2% during mid-day trading on Friday . The stock traded as low as $0.8760 and last traded at $0.8890. Approximately 1,919 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 23,389 shares. The stock had previously closed at $0.90.

Analysts Set New Price Targets

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

CLPS Incorporation Trading Down 1.2%

The company has a fifty day moving average of $0.95 and a two-hundred day moving average of $0.97.

CLPS Incorporation (NASDAQ:CLPS) last issued its earnings results on Friday, October 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $40.85 million for the quarter.

CLPS Incorporation Company Profile

CLPS Incorporation provides information technology (IT), consulting, and solutions to institutions operating in banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management.