OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Get Free Report) was up 0.7% during trading on Friday . The company traded as high as $7.28 and last traded at $7.25. Approximately 142,647 shares changed hands during trading, an increase of 86% from the average daily volume of 76,659 shares. The stock had previously closed at $7.20.
OneConnect Financial Technology Price Performance
The company has a market cap of $279.04 million, a price-to-earnings ratio of 65.05 and a beta of 0.51. The stock has a 50-day moving average price of $6.43 and a 200 day moving average price of $4.52.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported ($0.15) EPS for the quarter. OneConnect Financial Technology had a negative return on equity of 6.05% and a net margin of 0.95%. The business had revenue of $50.57 million for the quarter.
Institutional Investors Weigh In On OneConnect Financial Technology
Several institutional investors have recently bought and sold shares of OCFT. E Fund Management Hong Kong Co. Ltd. bought a new stake in OneConnect Financial Technology in the 1st quarter valued at approximately $179,000. E Fund Management Co. Ltd. bought a new stake in OneConnect Financial Technology in the 1st quarter valued at approximately $179,000. Finally, OLD Mission Capital LLC bought a new stake in OneConnect Financial Technology in the 1st quarter valued at approximately $376,000. 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.
Featured Stories
Before you consider OneConnect Financial Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneConnect Financial Technology wasn't on the list.
While OneConnect Financial Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
