Notable News to Watch: CLPS Incorporation (NASDAQ:CLPS)

CLPS Incorporation (NASDAQ:CLPS) stock observed trading -72.55% off 52-week high price. On the other end, the stock has been noted 133.02% away from low price over the last 52-weeks. The stock disclosed a move of -3.61% away from 50 day moving average and -30.24% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.63% off 20-day moving average. It has market cap of $67.97M.

On Oct.18, 2019, CLPS Incorporation (NASDAQ:CLPS) a leading information technology (IT) consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, notified its unaudited financial results for the six months and fiscal year ended June 30, 2019.

Second Half of Fiscal 2019 Highlights (all results compared to the six months ended June 30, 2018)

  • Revenues increased by 27.7% to $34.1 million from $26.7 million.
  • Gross profit increased by 43.0% to $12.6 million from $8.8 million.
  • Net loss attributable to CLPS Incorporation’s shareholders of $1.8 million, or $0.13 basic and diluted loss per share, compared to net income attributable to CLPS Incorporation’s shareholders of $1.1 million, or $0.10 basic and $0.09 diluted earnings per share.
  • Non-GAAP net income attributable to CLPS Incorporation’s shareholders[1] increased by 5.6% to $1.2 million, or $0.08 basic and diluted earnings per share, from $1.1 million, or $0.10 basic and $0.09 diluted earnings per share (See Use of Non-GAAP Financial Measures below for a discussion of such measures as used in this press release).

Fiscal Year 2019 Highlights (all results compared to the twelve months ended June 30, 2018)

  • Revenues increased by 32.7% to $64.9 million from $48.9 million.
  • Gross profit increased by 34.5% to $23.8 million from $17.7 million.
  • Net loss attributable to CLPS Incorporation’s shareholders of $3.3 million, or $0.24 basic and diluted loss per share, compared to net income attributable to CLPS Incorporation’s shareholders of $2.4 million, or $0.21 basic and diluted earnings per share.
  • Non-GAAP net income attributable to CLPS Incorporation’s shareholders[1] increased by 53.9% to $3.7 million, or $0.27 basic and diluted earnings per share, from $2.4 million, or $0.21 basic and diluted earnings per share (See Use of Non-GAAP Financial Measures below for a discussion of such measures as used in this press release).

The China based company CLPS Incorporation moved with change of 1.44% to $4.94 with the total traded volume of 1539 shares in recent session versus to an average volume of 18.39K. The stock was observed in the 5 days activity at 0.41%. The one month performance of stock was -5.00%. CLPS’s shares are at -7.84% for the quarter and driving a -41.88% return over the course of the past year and is now at 104.13% since this point in 2018. The average volatility for the week and month was at 2.62% and 3.85% respectively. There are 13.76M shares outstanding and 3.62M shares are floated in market.

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