OneConnect Financial Technology (NYSE:OCFT) Posts Quarterly Earnings Results

OneConnect Financial Technology (NYSE:OCFT - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, Zacks reports. The company had revenue of $50.57 million during the quarter. OneConnect Financial Technology had a negative return on equity of 6.05% and a net margin of 0.95%.

OneConnect Financial Technology Trading Down 0.8%

NYSE:OCFT traded down $0.06 during trading hours on Friday, hitting $7.08. The stock had a trading volume of 20,706 shares, compared to its average volume of 76,975. The business has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $4.56. OneConnect Financial Technology has a 1-year low of $0.87 and a 1-year high of $7.38. The company has a market cap of $276.11 million, a PE ratio of 64.37 and a beta of 0.51.

OneConnect Financial Technology Company Profile

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.