NetClass Technology (NASDAQ:NTCL) Shares Down 5.1% – Here’s Why

Shares of NetClass Technology Inc (NASDAQ:NTCL) fell 5.1% during trading on Thursday . The stock traded as low as $1.69 and last traded at $1.69. 51,254 shares were traded during mid-day trading, a decline of 19% from the average session volume of 63,119 shares. The stock had previously closed at $1.78.

NetClass Technology Price Performance

The company has a 50 day moving average of $1.76 and a 200 day moving average of $6.57.

Institutional Trading of NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new stake in NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology at the end of the most recent reporting period.

NetClass Technology Company Profile

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services.