OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Get Free Report) shares were up 1.2% during mid-day trading on Wednesday . The company traded as high as $7.18 and last traded at $7.10. Approximately 31,892 shares traded hands during trading, a decline of 59% from the average daily volume of 78,331 shares. The stock had previously closed at $7.01.
OneConnect Financial Technology Trading Up 0.6%
The business has a fifty day moving average of $6.70 and a 200-day moving average of $5.08. The firm has a market cap of $279.44 million, a PE ratio of -4.75 and a beta of 0.51.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported ($0.15) earnings per share (EPS) for the quarter. OneConnect Financial Technology had a negative return on equity of 7.20% and a negative net margin of 20.95%. The firm had revenue of $50.57 million during the quarter.
Institutional Trading of OneConnect Financial Technology
Institutional investors and hedge funds have recently bought and sold shares of the company. E Fund Management Co. Ltd. purchased a new stake in OneConnect Financial Technology in the 1st quarter worth approximately $179,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of OneConnect Financial Technology in the first quarter worth $179,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of OneConnect Financial Technology in the first quarter worth $376,000. 4.05% of the stock is currently owned by hedge funds and other institutional investors.
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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