CLPS Incorporation (NASDAQ:CLPS) Share Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

CLPS Incorporation (NASDAQ:CLPS) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $0.97 and traded as low as $0.9354. CLPS Incorporation shares last traded at $0.9601, with a volume of 2,831 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a research report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CLPS Incorporation Trading Down 2.5%

The business has a 50-day simple moving average of $1.02 and a 200-day simple moving average of $0.97.

CLPS Incorporation (NASDAQ:CLPS) last posted its quarterly earnings data on Friday, October 16th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $43.56 million during the quarter.

CLPS Incorporation Company Profile

CLPS Incorporation is an information technology consulting and solutions company founded in 2005 and headquartered in Shanghai, China. The company primarily serves financial institutions, with a focus on banking, wealth management, insurance and related financial-services businesses.

CLPS provides software development, information technology consulting, systems integration, maintenance and support, and IT outsourcing services. Its offerings are designed to help clients develop, implement and manage technology platforms and business applications, including solutions for core banking, payments, customer relationship management, risk management and other financial-services operations.

The company serves clients in China and has expanded its activities internationally through operations and business relationships in markets that have included North America, Southeast Asia, Japan, Australia and Hong Kong.