Datasea (NASDAQ:DTSS) Shares Down 6.6% – Here’s What Happened

Datasea Inc. (NASDAQ:DTSS) shares dropped 6.6% during mid-day trading on Wednesday. The company traded as low as $0.5220 and last traded at $0.5380. Approximately 119,257 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 9,658,649 shares. The stock had previously closed at $0.5761.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Datasea from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Datasea has an average rating of “Sell”.

Datasea Trading Down 6.6%

The company’s fifty day moving average price is $0.74 and its two-hundred day moving average price is $0.82. The firm has a market cap of $5.61 million, a P/E ratio of -1.68 and a beta of 0.80.

About Datasea

Datasea Inc is a technology company focused on 5G communications, acoustic intelligence and smart-city applications. Through its technology platforms and subsidiaries, the company develops solutions intended to support communications infrastructure, intelligent urban services and data-driven business operations.

Its product and service areas have included 5G-related equipment and applications, millimeter-wave communications technologies, artificial-intelligence and acoustic products, and smart-city solutions.