Cloopen Group Holding Limited, through its subsidiaries, provides cloud-based communications solutions in the People's Republic of China. The company offers a suite of cloud-based communications solutions, which include communications platform as a service solution that provides application programing interfaces and software development kits to embed messaging, voice call, audio and video, instant messaging, and other communications into enterprises' applications, services, and/or business processes; cloud-based contact centers, which offers RongCC and 7moor Cloud solutions; and cloud-based unified communications and collaborations, such as RongVideo that provides instant messaging, audio and video conferencing, and telephony solutions. It serves a customer base consisting of enterprises of various industries, including internet, telecommunications, financial services, education, industrial manufacturing, and energy. The company was founded in 2012 and is headquartered in Beijing, China.
IPO Year:
Exchange: NYSE
Website: https://www.yuntongxun.com
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BEIJING, May 18, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it received a notice from the New York Stock Exchange ("NYSE") regarding the commencement of delisting proceedings of the Company's American depositary shares (the "ADSs") on the basis that the ADSs are not suitable for listing due to the Company's failure to file with the Securities and Exchange Commission its annual reports on Form 20-F for the years ended December 31, 2021 and December 31, 2022 and current report on Form 6-K for the half year ended June 30, 2022 (collectively, the "Delayed Filings") by May 17, 2023, which is the maximum time allowed under Secti
BEIJING, April 4, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that, based on a notification letter the Company received from the New York Stock Exchange (the "NYSE") on April 3, 2023, the Company has regained compliance with the NYSE's continued listing standard for minimum share price. On October 5, 2022, the NYSE notified the Company that it was not in compliance with the NYSE's continued listing standards because, as of October 4, 2022, the average closing price of the Company's American depositary shares (the "ADSs") was less than US$1.00 per ADS over a consecutive 30 trading-day period. In order to regain compliance with th
BEIJING, March 3, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it will change the ratio of its American depositary shares ("ADSs") to Class A ordinary shares from one (1) ADS representing two (2) Class A ordinary shares to one (1) ADS representing six (6) Class A ordinary shares. For Cloopen's ADS holders, this ratio change will have the same effect as a 1-for-3 reverse ADS split. There will be no change to Cloopen's Class A ordinary shares. Furthermore, no physical action by ADS holders will be required to effect the ratio change, as the change will be effected on the books of the depositary. The effect of the ratio change
BEIJING, Feb. 3, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced the appointment of HKCM CPA & Co ("HKCM") as the Company's independent registered public accounting firm to replace Yu Certified Public Accountant, P.C. ("Yu CPA"), effective February 3, 2023. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. From July 18, 2022, the date the Company engaged Yu CPA as its independent registered public accounting firm, to February 3, 2023, there were no (1) disagreements a
BEIJING, Nov. 18, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it received a letter from NYSE Regulation indicating that NYSE's Listings Operations Committee agreed to provide the Company with an additional trading period through May 17, 2023, subject to reassessment on an ongoing basis, to complete and file the Company's annual report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC") and any subsequent delayed filings pursuant to the NYSE's late filer rules outlined in Section 802.01E of the NYSE Listed Company Manual. The Company
BEIJING, Nov. 1, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it received a letter from the New York Stock Exchange (the "NYSE") dated October 5, 2022, notifying the Company that it is below compliance standards due to the trading price of the Company's American depositary shares (the "ADSs") and that the applicable cure period for the Company to regain compliance expires on April 5, 2023. Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30
BEIJING, Sept. 7, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that, based on a notification letter the Company received from the New York Stock Exchange (the "NYSE") on September 1, 2022, the Company has regained compliance with the NYSE's continued listing standard for minimum share price. On May 31, 2022, the NYSE notified the Company that it was not in compliance with the NYSE's continued listing standards because, as of May 27, 2022, the average closing price of the Company's American depositary shares (the "ADSs") was less than US$1.00 per ADS over a consecutive 30 trading-day period. On September 1, 2022, the Company recei
BEIJING, Sept. 6, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that the independent special committee of the Company's Board of Directors (the "Special Committee") has substantially completed its independent internal investigation (the "Independent Investigation") into the issues disclosed in the press release issued by the Company on May 3, 2022. As previously announced, the Company's Board of Directors (the "Board") formed the Special Committee to oversee the Independent Investigation of the employee misconduct and transaction irregularities that were raised to the Board's attention by KPMG Huazhen LLP, the Company's previous i
BEIJING, July 19, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced the appointment of Yu Certified Public Accountant, P.C. ("Yu CPA") as the Company's independent registered public accounting firm, effective July 18, 2022. The appointment was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. Yu CPA replaces KPMG Huazhen LLP ("KPMG"), the Company's previous independent registered public accounting firm. The Company is working closely with Yu CPA and KPMG to ensure a seamless transition. About Cloopen Group Holding Limite
BEIJING, June 29, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced that it received a letter from the New York Stock Exchange (the "NYSE") dated May 31, 2022, notifying the Company that it is below compliance standards due to the trading price of the Company's American depositary shares (the "ADSs") and that the applicable cure period for the Company to regain compliance expires on November 30, 2022. Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 3
BEIJING, Feb. 3, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced the appointment of HKCM CPA & Co ("HKCM") as the Company's independent registered public accounting firm to replace Yu Certified Public Accountant, P.C. ("Yu CPA"), effective February 3, 2023. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. From July 18, 2022, the date the Company engaged Yu CPA as its independent registered public accounting firm, to February 3, 2023, there were no (1) disagreements a
BEIJING, July 19, 2022 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE:RAAS) ("Cloopen" or the "Company") today announced the appointment of Yu Certified Public Accountant, P.C. ("Yu CPA") as the Company's independent registered public accounting firm, effective July 18, 2022. The appointment was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. Yu CPA replaces KPMG Huazhen LLP ("KPMG"), the Company's previous independent registered public accounting firm. The Company is working closely with Yu CPA and KPMG to ensure a seamless transition. About Cloopen Group Holding Limite
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Gainers UTime (NASDAQ:UTME) shares rose 88.2% to $1.28 during Monday's regular session. As of 13:30 EST, UTime's stock is trading at a volume of 3.2 million, which is 31127.8% of its average full-day volume over the last 100 days. The company's market cap stands at $10.5 million. Bonso Electronics Intl (NASDAQ:BNSO) shares moved upwards by 57.0% to $4.89. As of 13:30 EST, Bonso Electronics Intl's stock is trading at a volume of 337.2K, which is 2031.9% of its average full-day volume over the last 100 days. The company's market cap stands at $23.7 million. MMTEC (NASDAQ:MTC) stock increased by 34.34% to $1.08. The current volume of 8.2 million shares is 669.7% of MMTEC's average full-day v
Gainers Atomera (NASDAQ:ATOM) shares moved upwards by 33.1% to $6.95 during Thursday's pre-market session. The company's market cap stands at $168.7 million. As per the press release, Q1 earnings came out yesterday. Bel Fuse (NASDAQ:BELFB) shares moved upwards by 18.34% to $36.25. The market value of their outstanding shares is at $463.4 million. The company's, Q1 earnings came out yesterday. WM Tech (NASDAQ:MAPS) stock moved upwards by 11.74% to $0.69. The company's market cap stands at $63.8 million. Quantum Computing (NASDAQ:QUBT) stock rose 11.01% to $1.31. The market value of their outstanding shares is at $79.2 million. Cloopen Group Holding (NYSE:RAAS) stock rose 9.48% to $1.27.
On Wednesday, 345 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows: Pfizer (NYSE:PFE) was the largest company by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Windtree Therapeutics (NASDAQ:WINT). SharpLink Gaming (NASDAQ:SBET) made the largest move down on the session, with shares plummeting 832.52% to reach its 52-week low. Hope Bancorp (NASDAQ:HOPE) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. The stocks that set new 52-week lows on Wednesday: Danaher (NYSE:DHR) shares made a new 52-week low of $227.07 on Wednesday. T
Tuesday's session saw 286 companies set new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was U.S. Bancorp (NYSE:USB). Windtree Therapeutics (NASDAQ:WINT) is the smallest company on a market cap basis to set a new 52-week low. cbdMD (AMEX:YCBD) made the largest move down on the session, with shares plummeting 4671.11% to reach its 52-week low. Chimerix (NASDAQ:CMRX)'s stock made the biggest reversal, trading up 0.0% shortly after dropping to a new 52-week low. Here is a list of stocks that set new 52-week lows on Tuesday: U.S. Bancorp (NYSE:USB) shares hit a yearly low of $32.15. The stock was down 1.66%
Gainers VNET Gr (NASDAQ:VNET) shares moved upwards by 26.9% to $4.11 during Monday's regular session. Trading volume for VNET Gr's stock is 13.2 million as of 13:30 EST. This is 621.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $610.1 million. Duos Technologies Group (NASDAQ:DUOT) shares moved upwards by 24.66% to $3.49. Trading volume for Duos Technologies Group's stock is 60.7K as of 13:30 EST. This is 103.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $24.9 million. The company's, Q4 earnings came out 2 days ago. Cloopen Group Holding (NYSE:RAAS) shares moved upw
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Cloopen Group Holding Limited (NYSE:RAAS) The company’s stock dropped 37% over the past month. The company’s stock has a 52-week low of $1.34 . R
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On Monday, 89 stocks made new 52-week lows. Interesting Facts About Today's 52-Week Lows: Plug Power (NASDAQ:PLUG) is the largest company in terms of market cap to set a new 52-week low this morning. The smallest company on a market cap basis to set a new 52-week low was InVivo Therapeutics Hldg (NASDAQ:NVIV). Allarity Therapeutics (NASDAQ:ALLR)'s stock fell the most, as it traded down 2955.92% to reach a new 52-week low. Xometry (NASDAQ:XMTR) shares bounced back the most, actually rising 0.13% after hiting a new 52-week low. Stocks that set new 52-week lows on Monday are as follows: Plug Power (NASDAQ:PLUG) shares were down 4.94% for the day, having made a 52-week low of $10.