OneConnect Financial Technology Co., Ltd. Sponsored ADR (NYSE:OCFT - Get Free Report) fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $7.42 and last traded at $7.45. 64,229 shares were traded during mid-day trading, a decline of 21% from the average session volume of 81,448 shares. The stock had previously closed at $7.53.
OneConnect Financial Technology Stock Down 0.1%
The firm has a market capitalization of $292.34 million, a price-to-earnings ratio of -4.96 and a beta of 0.50. The company's 50 day moving average price is $7.18 and its 200 day moving average price is $5.69.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported ($0.15) earnings per share for the quarter. The company 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 bought and sold shares of the stock. E Fund Management Co. Ltd. acquired a new stake in shares of OneConnect Financial Technology during the 1st quarter worth approximately $179,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of OneConnect Financial Technology during the 1st quarter worth approximately $179,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of OneConnect Financial Technology during the 1st quarter worth approximately $376,000. 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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