CLPS (NASDAQ:CLPS) Lowered to “Hold” at ValuEngine

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ValuEngine lowered shares of CLPS (NASDAQ:CLPS) from a buy rating to a hold rating in a research note released on Monday morning, ValuEngine reports.

Shares of NASDAQ CLPS opened at $3.11 on Monday. CLPS has a 52-week low of $1.62 and a 52-week high of $8.86. The company’s 50 day moving average price is $2.61 and its 200-day moving average price is $2.33.

An institutional investor recently raised its position in CLPS stock. Renaissance Technologies LLC grew its position in shares of CLPS Inc (NASDAQ:CLPS) by 42.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,500 shares of the company’s stock after acquiring an additional 6,700 shares during the quarter. Renaissance Technologies LLC owned 0.16% of CLPS worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.01% of the company’s stock.

CLPS Company Profile

CLPS Incorporation provides information technology and consulting services to banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management.

Read More: Why do analysts give a neutral rating?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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