OneConnect Financial Technology (NYSE:OCFT) Posts Earnings Results

Key Points

• OneConnect Financial Technology reported an earnings per share (EPS) of ($0.15) for the quarter, with a negative net margin of 20.95%.
• The company's stock opened at $7.3030 and has a market capitalization of $285.08 million with a P/E ratio of -4.84.
• Lighthouse Investment Partners LLC increased its stake in OneConnect by 241.1%, now holding 116,884 shares worth approximately $842,000.

OneConnect Financial Technology (NYSE:OCFT - Get Free Report) released its earnings results on Thursday. The company reported ($0.15) EPS for the quarter, Zacks reports. OneConnect Financial Technology had a negative net margin of 20.95% and a negative return on equity of 7.20%.

OneConnect Financial Technology Stock Performance

OCFT opened at $7.3030 on Thursday. The company has a market capitalization of $285.08 million, a P/E ratio of -4.84 and a beta of 0.40. The company has a 50-day moving average of $7.33 and a 200-day moving average of $6.43. OneConnect Financial Technology has a 1-year low of $0.87 and a 1-year high of $7.64.

Institutional Trading of OneConnect Financial Technology

An institutional investor recently raised its position in OneConnect Financial Technology stock. Lighthouse Investment Partners LLC grew its position in shares of OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Free Report) by 241.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,884 shares of the company's stock after buying an additional 82,616 shares during the period. Lighthouse Investment Partners LLC's holdings in OneConnect Financial Technology were worth $842,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.05% of the company's stock.

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.

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