Nexalin Technology (NASDAQ:NXL – Get Free Report) announced its earnings results on Friday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports. Nexalin Technology had a negative return on equity of 187.59% and a negative net margin of 3,407.98%.
Nexalin Technology Stock Up 11.5 %
Shares of NXL stock traded up $0.23 during trading hours on Friday, hitting $2.18. 107,176 shares of the company were exchanged, compared to its average volume of 1,354,446. Nexalin Technology has a 1 year low of $0.35 and a 1 year high of $4.49. The firm has a fifty day moving average of $2.87 and a 200 day moving average of $2.47. The firm has a market cap of $28.94 million, a PE ratio of -3.40 and a beta of 4.33.
Wall Street Analyst Weigh In
Separately, Maxim Group reissued a “hold” rating on shares of Nexalin Technology in a research report on Thursday, December 5th.
Nexalin Technology Company Profile
Nexalin Technology, Inc, a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. The company designs and develops Generation 2 and Generation 3, that is in clinical trials for the treatment of substance abuse issues related to opiate, cocaine, alcohol abuse, alzheimer's disease, and dementia.
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