NaaS Technology (NASDAQ:NAAS) Trading Up 7.5% – Here’s What Happened

Shares of NaaS Technology Inc. (NASDAQ:NAAS) traded up 7.5% during trading on Thursday . The stock traded as high as $2.18 and last traded at $2.15. 89,807 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 748,685 shares. The stock had previously closed at $2.00.

NaaS Technology Trading Down 4.7 %

The business’s fifty day moving average is $2.58 and its 200 day moving average is $3.53. The company has a market cap of $38.09 million, a P/E ratio of -0.21 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NaaS Technology stock. LMR Partners LLP purchased a new stake in shares of NaaS Technology Inc. (NASDAQ:NAAS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 221,832 shares of the company’s stock, valued at approximately $885,000. LMR Partners LLP owned 1.72% of NaaS Technology as of its most recent SEC filing. 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.