56,064 Shares in OneConnect Financial Technology Co., Ltd. Sponsored ADR $OCFT Acquired by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC acquired 56,064 shares of OneConnect Financial Technology, worth approximately $376,000, indicating institutional interest in the company.
• OneConnect Financial Technology has reported a negative EPS of ($0.15) for its last quarter, reflecting challenges in profitability.
• The company's stock is trading at $7.18, with a 12-month range from $0.87 to $7.64, suggesting significant volatility in its market performance.

OLD Mission Capital LLC purchased a new stake in OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 56,064 shares of the company's stock, valued at approximately $376,000. OLD Mission Capital LLC owned about 0.14% of OneConnect Financial Technology as of its most recent filing with the SEC.

Separately, E Fund Management Co. Ltd. acquired a new stake in OneConnect Financial Technology during the 1st quarter worth $179,000. Hedge funds and other institutional investors own 4.05% of the company's stock.

OneConnect Financial Technology Price Performance

NYSE:OCFT traded up $0.01 on Monday, hitting $7.22. The company's stock had a trading volume of 16,110 shares, compared to its average volume of 73,957. OneConnect Financial Technology Co., Ltd. Sponsored ADR has a one year low of $0.96 and a one year high of $7.64. The stock has a fifty day moving average of $7.36 and a two-hundred day moving average of $6.79.

OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $59.92 million during the quarter. OneConnect Financial Technology had a negative net margin of 41.54% and a negative return on equity of 8.58%.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded OneConnect Financial Technology from a "buy" rating to a "neutral" rating and raised their price target for the stock from $3.03 to $7.98 in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.98.

About OneConnect Financial Technology

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.