Borqs Technologies Inc (NASDAQ:BRQS) traded down 8.8% during trading on Wednesday . The company traded as low as $2.50 and last traded at $2.50, 1,619 shares traded hands during mid-day trading. An increase of 153% from the average session volume of 640 shares. The stock had previously closed at $2.74.
A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Borqs Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. TheStreet downgraded shares of Borqs Technologies from a “c-” rating to a “d” rating in a research report on Thursday, April 25th.
The firm’s 50-day simple moving average is $2.71.
About Borqs Technologies (NASDAQ:BRQS)
Borqs Technologies, Inc, through its subsidiaries, provides development services, software solutions, and products for Android-based smart connected devices in China, India, the United States, and internationally. It operates through two segments, Mobile Virtual Network Operator Services and Connected Solutions.
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