Shares of OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Get Free Report) traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $7.44 and last traded at $7.39. 24,448 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 48,209 shares. The stock had previously closed at $7.30.
OneConnect Financial Technology Stock Up 0.6%
The stock has a 50-day moving average of $7.28 and a 200 day moving average of $6.16. The company has a market capitalization of $287.82 million, a PE ratio of -4.92 and a beta of 0.40.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $50.57 million for the quarter. OneConnect Financial Technology had a negative net margin of 20.95% and a negative return on equity of 7.20%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&G PLC lifted its holdings in OneConnect Financial Technology by 0.8% during the second quarter. M&G PLC now owns 773,100 shares of the company's stock valued at $5,412,000 after purchasing an additional 6,506 shares during the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of OneConnect Financial Technology in the first quarter valued at approximately $179,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of OneConnect Financial Technology during the 1st quarter valued at approximately $179,000. OLD Mission Capital LLC bought a new position in OneConnect Financial Technology in the 1st quarter worth approximately $376,000. Finally, ABN Amro Investment Solutions purchased a new position in OneConnect Financial Technology in the 2nd quarter valued at approximately $1,411,000. 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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