CLPS Incorporation (NASDAQ:CLPS) Stock Price Down 3.8% – Here’s Why

Shares of CLPS Incorporation (NASDAQ:CLPS) were down 3.8% during trading on Wednesday . The stock traded as low as $1.02 and last traded at $1.02. Approximately 7,590 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 22,321 shares. The stock had previously closed at $1.06.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

CLPS Incorporation Stock Down 3.8%

The firm has a 50 day simple moving average of $0.92 and a 200-day simple moving average of $0.94.

CLPS Incorporation Company Profile

CLPS Incorporation is a Nasdaq-listed provider of digital transformation consulting and IT outsourcing services. The company delivers end-to-end solutions that encompass system integration, custom application development, quality assurance, maintenance and support. CLPS positions itself as a partner for enterprises seeking to streamline operations, modernize legacy systems and accelerate time-to-market through agile software engineering practices.

The firm’s core offerings include enterprise application development, fintech and blockchain solutions, cloud migration, data analytics and automation services.