NaaS Technology (NASDAQ:NAAS) Trading Down 2.5%

Shares of NaaS Technology Inc. (NASDAQ:NAASGet Rating) fell 2.5% during trading on Tuesday . The stock traded as low as $4.92 and last traded at $5.01. 87,899 shares were traded during mid-day trading, a decline of 18% from the average session volume of 107,474 shares. The stock had previously closed at $5.14.

NaaS Technology Stock Up 6.4 %

The firm has a fifty day moving average of $4.63.

NaaS Technology (NASDAQ:NAASGet Rating) last issued its earnings results on Monday, August 22nd. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $1.58 million during the quarter.

Institutional Investors Weigh In On NaaS Technology

A hedge fund recently bought a new stake in NaaS Technology stock. Renaissance Technologies LLC purchased a new position in shares of NaaS Technology Inc. (NASDAQ:NAASGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 89,867 shares of the company’s stock, valued at approximately $537,000. Renaissance Technologies LLC owned 0.76% of NaaS Technology as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.42% of the company’s stock.

About NaaS Technology

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NaaS Technology Inc provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China.

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