CLPS (NASDAQ:CLPS) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of CLPS (NASDAQ:CLPS) from a hold rating to a buy rating in a report published on Wednesday, January 8th, ValuEngine reports.

CLPS stock opened at $3.91 on Wednesday. CLPS has a twelve month low of $2.61 and a twelve month high of $17.99. The stock’s fifty day simple moving average is $3.88 and its 200-day simple moving average is $4.68.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC increased its holdings in shares of CLPS by 379.2% in the 2nd quarter. Citadel Advisors LLC now owns 92,820 shares of the company’s stock valued at $524,000 after acquiring an additional 73,452 shares during the last quarter. Invesco Ltd. purchased a new stake in CLPS during the second quarter worth approximately $86,000. Finally, Morgan Stanley lifted its stake in CLPS by 27.7% during the second quarter. Morgan Stanley now owns 17,202 shares of the company’s stock worth $97,000 after purchasing an additional 3,734 shares during the last quarter. 2.02% of the stock is owned by institutional investors.

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.

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

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