CLPS Technology (CLPS, Financial) experienced a significant stock price drop of 5.20%. The stock is currently trading at $1.38 per share with a trading volume of 33,973 shares and a turnover rate of 0.12%. The price showed a fluctuation of 7.56%.
The recent financial report revealed that CLPS reported a revenue of $143 million, a net loss of $2.33 million, and earnings per share of -$0.09. The company's gross profit stood at $31.69 million with a negative price-to-earnings ratio of -15.37. No institutional ratings for buy, hold, or sell have been made for the stock.
The broader information technology services sector, where CLPS belongs, recorded an overall decline of 0.38%. Within the sector, stocks such as Data Storage Corp, Arb Iot Group Limited, and Aurora Innovation showed considerable activity. Notably, Data Storage Corp saw a price fluctuation of 35.86%, Aurora Innovation 32.97%, and Arb Iot Group Limited 29.65%.
CLPS Technology is a holding company providing IT consulting and solutions primarily to the banking, insurance, and financial sectors in China and globally. Its offerings include risk management platforms, transaction platforms, and virtual banking training platforms. A significant portion of its revenue comes from IT consulting services.
