NaaS Technology (NASDAQ:NAAS) Trading Up 1% – Time to Buy?

NaaS Technology Inc. (NASDAQ:NAAS)’s stock price shot up 1% on Friday . The stock traded as high as $1.56 and last traded at $1.51. 63,356 shares traded hands during 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 has a 50-day simple moving average of $2.24 and a two-hundred day simple moving average of $3.35.

Institutional Trading of NaaS Technology

An institutional investor recently bought a new position in NaaS Technology stock. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of NaaS Technology Inc. (NASDAQ:NAAS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,645 shares of the company’s stock, valued at approximately $61,000. U.S. Capital Wealth Advisors LLC owned 0.19% of NaaS Technology as of its most recent filing with the Securities and Exchange Commission (SEC). 1.83% of the stock is currently owned by hedge funds and other institutional investors.

About NaaS Technology

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.