NaaS Technology (NASDAQ:NAAS) Trading Up 1% – Here’s Why

NaaS Technology Inc. (NASDAQ:NAAS) traded up 1% during mid-day trading on Friday . The stock traded as high as $1.56 and last traded at $1.51. 63,356 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 103,504 shares. The stock had previously closed at $1.49.

NaaS Technology Trading Up 1.0 %

The firm’s fifty day moving average price is $2.24 and its 200-day moving average price is $3.35. The company has a market cap of $24.92 million, a P/E ratio of -0.15 and a beta of 0.96.

Institutional Investors Weigh In On NaaS Technology

An institutional investor recently bought a new position in NaaS Technology stock. U.S. Capital Wealth Advisors LLC bought a new stake in NaaS Technology Inc. (NASDAQ:NAAS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,645 shares of the company’s stock, valued at approximately $61,000. U.S. Capital Wealth Advisors LLC owned about 0.19% of NaaS Technology at the end of the most recent quarter. 1.83% of the stock is owned by institutional investors.

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.