OLD Mission Capital LLC purchased a new stake in shares of OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.
Separately, E Fund Management Co. Ltd. bought a new position in OneConnect Financial Technology during the 1st quarter valued at approximately $179,000. 4.05% of the stock is owned by hedge funds and other institutional investors.
OneConnect Financial Technology Stock Performance
Shares of OneConnect Financial Technology stock traded up $0.01 during midday trading on Tuesday, hitting $7.24. The company had a trading volume of 5,924 shares, compared to its average volume of 73,607. The company has a 50 day moving average of $7.36 and a 200 day moving average of $6.81. OneConnect Financial Technology Co., Ltd. Sponsored ADR has a 52-week low of $0.96 and a 52-week high of $7.64.
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 for the quarter. The company had revenue of $59.92 million during the quarter. OneConnect Financial Technology had a negative return on equity of 8.58% and a negative net margin of 41.54%.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered OneConnect Financial Technology from a "buy" rating to a "neutral" rating and upped their price target for the company 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, the company currently has a consensus rating of "Hold" and a consensus target price of $7.98.
Read Our Latest Research Report on OCFT
About OneConnect Financial Technology
(
Free Report)
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.
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