OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Get Free Report) traded up 0.7% during trading on Friday . The stock traded as high as $7.28 and last traded at $7.25. 142,647 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 76,659 shares. The stock had previously closed at $7.20.
OneConnect Financial Technology Trading Up 0.7%
The company has a market capitalization of $282.74 million, a price-to-earnings ratio of 65.92 and a beta of 0.51. The company has a 50 day moving average price of $6.39 and a 200 day moving average price of $4.42.
OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.45) earnings per share (EPS) for the quarter. OneConnect Financial Technology had a net margin of 0.95% and a negative return on equity of 6.05%. The firm had revenue of $57.74 million during the quarter.
Institutional Trading of OneConnect Financial Technology
Institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC acquired a new position in shares of OneConnect Financial Technology in the 1st quarter valued at $376,000. E Fund Management Co. Ltd. bought a new stake in OneConnect Financial Technology in the first quarter valued at about $179,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in OneConnect Financial Technology in the first quarter valued at about $179,000. Institutional investors and hedge funds 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.
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