Cloopen Group (NYSE:RAAS) Stock Price Down 79% – Here’s What Happened

Cloopen Group Holding Limited (NYSE:RAASGet Free Report) shares fell 79% during mid-day trading on Friday . The company traded as low as $0.11 and last traded at $0.11. 20,505 shares changed hands during mid-day trading, The stock had previously closed at $0.53.

Cloopen Group Trading Down 79.0 %

The firm has a 50-day simple moving average of $0.34 and a 200 day simple moving average of $0.29.

About Cloopen Group

(Get Free Report)

Cloopen Group Holding Limited, through its subsidiaries, provides cloud communication services in the People's Republic of China. It offers River Soldier CRM, an intelligent marketing system and digital operation management platform; AI vision technology; Ladder AI Kernal, a natural language processing technology; Smart IVR, an intelligent navigation robot; Rongxi assistive robot technology; and Rongxi sparring robot that helps enterprises solve problems.

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