Cloopen Group Holding Limited Sponsored ADR (NYSE:RAAS – Get Free Report) shot up 1.6% during mid-day trading on Friday. The stock traded as high as $2.55 and last traded at $2.55. Approximately 2,405 shares were traded during trading, The stock had previously closed at $2.51.
Cloopen Group Price Performance
The firm has a 50 day simple moving average of $2.31 and a 200-day simple moving average of $2.12.
Cloopen Group Company Profile
Cloopen Group Holding Limited was a China-based cloud communications service provider that offered communications solutions to enterprise customers. Its platform was designed to help businesses manage voice, messaging and collaboration services through cloud-based infrastructure rather than traditional on-premises systems.
The company’s product portfolio included cloud-based private branch exchange systems, contact-center solutions, unified communications tools and communications platform-as-a-service offerings.
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