NaaS Technology Inc. (NASDAQ:NAAS – Get Free Report)’s stock price fell 6.4% during trading on Thursday . The stock traded as low as $1.15 and last traded at $1.17. 77,882 shares changed hands during trading, a decline of 82% from the average session volume of 432,092 shares. The stock had previously closed at $1.25.
NaaS Technology Price Performance
The firm’s 50 day moving average is $1.48 and its 200 day moving average is $4.71. The company has a market cap of $10.09 million, a PE ratio of -0.12 and a beta of 1.09.
NaaS Technology declared that its Board of Directors has approved a stock repurchase plan on Friday, February 21st that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
NaaS Technology Company Profile
NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, 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.
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