OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Get Free Report)'s stock price rose 1.3% during mid-day trading on Wednesday . The company traded as high as $7.44 and last traded at $7.39. Approximately 24,448 shares changed hands during trading, a decline of 49% from the average daily volume of 48,209 shares. The stock had previously closed at $7.30.
OneConnect Financial Technology Stock Performance
The firm has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $6.21.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported ($0.15) EPS for the quarter. OneConnect Financial Technology had a negative net margin of 20.95% and a negative return on equity of 7.20%. The business had revenue of $50.57 million during the quarter.
Institutional Investors Weigh In On OneConnect Financial Technology
A number of institutional investors and hedge funds have recently made changes to their positions in OCFT. E Fund Management Co. Ltd. purchased a new stake in shares of OneConnect Financial Technology in the first quarter valued at about $179,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in OneConnect Financial Technology in the first quarter valued at about $179,000. OLD Mission Capital LLC acquired a new position in OneConnect Financial Technology during the 1st quarter worth approximately $376,000. ABN Amro Investment Solutions acquired a new position in OneConnect Financial Technology during the 2nd quarter worth approximately $1,411,000. Finally, M&G PLC raised its stake in shares of OneConnect Financial Technology by 0.8% during the 2nd quarter. M&G PLC now owns 773,100 shares of the company's stock worth $5,412,000 after buying an additional 6,506 shares in the last quarter. 4.05% of the stock is 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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