OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Get Free Report)'s stock price was down 0.3% during trading on Wednesday . The stock traded as low as $5.73 and last traded at $5.98. Approximately 38,350 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 72,623 shares. The stock had previously closed at $6.00.
OneConnect Financial Technology Stock Up 1.5 %
The firm has a market capitalization of $244.52 million, a P/E ratio of 57.01 and a beta of 0.51. The business's 50 day moving average is $6.29 and its 200-day moving average is $4.02.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported ($0.45) earnings per share for the quarter. The firm had revenue of $57.74 million for the quarter. OneConnect Financial Technology had a negative return on equity of 6.05% and a net margin of 0.95%.
Institutional Trading of OneConnect Financial Technology
A hedge fund recently bought a new stake in OneConnect Financial Technology stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,775 shares of the company's stock, valued at approximately $179,000. E Fund Management Hong Kong Co. Ltd. owned approximately 0.07% of OneConnect Financial Technology as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.05% of the company's stock.
About OneConnect Financial Technology
(
Get 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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