NaaS Technology (NASDAQ:NAAS) Stock Price Up 7.5% – Should You Buy?

NaaS Technology Inc. (NASDAQ:NAAS)’s stock price was up 7.5% during trading on Thursday . The company traded as high as $2.18 and last traded at $2.15. Approximately 89,807 shares were traded during trading, a decline of 88% from the average daily volume of 748,685 shares. The stock had previously closed at $2.00.

NaaS Technology Stock Up 7.5 %

The firm has a market cap of $27.69 million, a price-to-earnings ratio of -0.22 and a beta of 0.90. The business has a 50 day moving average of $2.60 and a 200 day moving average of $3.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NaaS Technology stock. LMR Partners LLP bought a new position in NaaS Technology Inc. (NASDAQ:NAAS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 221,832 shares of the company’s stock, valued at approximately $885,000. LMR Partners LLP owned 1.72% of NaaS Technology at the end of the most recent reporting period. Institutional investors and hedge funds own 1.83% of the company’s stock.

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.