Shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Get Free Report) were down 2.9% during mid-day trading on Tuesday . The stock traded as low as $2.64 and last traded at $2.65. Approximately 22,071 shares changed hands during trading, a decline of 53% from the average daily volume of 47,176 shares. The stock had previously closed at $2.73.
The firm has a market capitalization of $103.35 million, a PE ratio of 24.09 and a beta of 0.66. The company's fifty day simple moving average is $2.49 and its 200 day simple moving average is $1.99.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.