NaaS Technology (NASDAQ:NAAS) Reaches New 1-Year Low at $5.23

NaaS Technology Inc. (NASDAQ:NAAS) reached a new 52-week low on Friday . The stock traded as low as $5.23 and last traded at $5.23, with a volume of 51648 shares traded. The stock had previously closed at $7.09.

NaaS Technology Trading Down 20.0 %

The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.12 and a current ratio of 1.15. The stock has a market capitalization of $1.46 billion, a P/E ratio of -7.20 and a beta of 0.98. The stock has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $25.16.

NaaS Technology (NASDAQ:NAAS) last released its quarterly earnings results on Thursday, May 9th. The company reported ($1.40) earnings per share for the quarter. NaaS Technology had a negative net margin of 376.49% and a negative return on equity of 885.88%. The company had revenue of $13.33 million during the quarter.

Hedge Funds Weigh In On NaaS Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. EWA LLC bought a new position in NaaS Technology in the fourth quarter worth $29,000. Bristlecone Advisors LLC purchased a new stake in shares of NaaS Technology in the 4th quarter worth about $27,000. Finally, Laidlaw Wealth Management LLC increased its stake in shares of NaaS Technology by 242.8% in the 4th quarter. Laidlaw Wealth Management LLC now owns 193,414 shares of the company’s stock worth $294,000 after acquiring an additional 137,000 shares in the last quarter. Hedge funds and other institutional investors own 1.83% of the company’s stock.

About NaaS Technology

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers online EV charging solutions, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers' management, order management, load management, and membership management.