Q TECH's stock price plummeted 6.75% during intraday trading on Monday, reflecting significant selling pressure on the shares.

The sharp decline followed news that Morgan Stanley downgraded Q Technology (Group) Company from Equalweight to Underweight, with a price target of HK$7.20. Such downgrades from major financial institutions often trigger negative market sentiment and prompt investors to reassess their positions.

According to analyst data, Q Technology (Group) Company previously had an average rating of overweight with a mean price target of HK$11.65, making Morgan Stanley's revised assessment notably more pessimistic about the company's prospects.