Cloopen Group Holding Limited American Depositary Shares each representing two Class A: The Losing Streak Continues (RAAS)

July 19, 2021 11:17:47

Cloopen Group Holding Limited American Depositary Shares each representing two Class A (NYSE:RAAS) traded at a new 52-week low today of $5.32. So far today approximately 269,000 shares have been exchanged, as compared to an average 30-day volume of 952,000 shares.

Cloopen Group Holding Ltd offers cloud-based communications solutions, according to the same source, covering communications platform as a service, or CPaaS, cloud-based contact centers, or cloud-based CC, and cloud-based unified communications and collaborations, or cloud-based UC&C. The company serves a customer base consisting of enterprises across a variety of industries, including internet, telecommunications, financial services, education, industrial manufacturing, and energy.

Based on a current price of $5.55, Cloopen Group Holding Limited American Depositary Shares each representing two Class A is currently 47.0% above its average consensus analyst price target of $2.94.

In the past 52 weeks, Cloopen Group Holding Limited American Depositary Shares each representing two Class A share prices are bracketed by a current low of $5.32 and a high of $59.00 and is now at $5.55.

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