News to Watch: CLPS Incorporation (NASDAQ:CLPS)

CLPS Incorporation (NASDAQ:CLPS) spotted trading -68.99% off 52-week high price. On the other end, the stock has been noted 163.21% away from the low price over the last 52-weeks. The stock changed -7.92% to recent value of $5.58. The stock transacted 97676 shares during most recent day however it has an average volume of 51.35K shares. The company has 12.83M of outstanding shares and 3.71M shares were floated in the market.

On Dec. 27, 2019, CLPS Incorporation (NASDAQ:CLPS) revealed that Mr. Srustijeet Mishra, CLPS Singapore CEO, represented the Company as a guest speaker for the SYNC SEA 2019 Summit, held on December 6, 2019, in Singapore.

In his remarks, Mr. Mishra discussed the Company’s efforts to help develop fintech talent in Southeast Asia. With the shortfall of fintech talent in Southeast Asia, CLPS Singapore aims to develop more talent to fill the gap along the way. This effort is now feasible as the Company has further expanded its business operation in the region, he said during his speech.

According to a report conducted by Michael Page Singapore, a recruitment firm, 94% of fintech companies surveyed agreed that Singapore is facing a major shortage of fintech talent.

Hosted by PingWest, a service provider for technology companies and a technology news website, the SYNC SEA 2019 Summit aims to bridge the technology industries between China and Southeast Asia. Speakers at the event included executives from blue-chip companies in the IT industry, such as Alibaba Cloud, Google Cloud, Twitter and Ant Financial.

Ms. Shu Zhao, Chief Marketing Officer of PingWest, commented, Southeast Asia’s digital transformation is underway, but the shortage of homegrown tech talent is one of the most pressing issues in the region. It is impressive to see that CLPS, a China-based IT consulting and solutions service provider with an international perspective, has launched its strategic deployment here. We believe that the solution mentioned in Mr. Mishra’s speech will help more fintech companies in Singapore and Southeast Asia to solve the problem of talent shortage while achieving greater development. Its earnings per share (EPS) expected to touch remained -231.80% for this year. CLPS has a gross margin of 36.60% and an operating margin of -5.90% while its profit margin remained -5.00% for the last 12 months.

According to the most recent quarter its current ratio was 2.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 64.34% from the mean of 20 days, 48.06% from mean of 50 days SMA and performed -5.47% from mean of 200 days price. Company’s performance for the week was 57.18%, 87.88% for month and YTD performance remained 130.58%.

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