Shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Get Free Report) were down 4.2% during mid-day trading on Thursday . The stock traded as low as $4.30 and last traded at $4.35. Approximately 24,863 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 38,302 shares. The stock had previously closed at $4.54.
OneConnect Financial Technology Stock Performance
The company has a 50-day moving average of $3.22 and a 200-day moving average of $2.53. The firm has a market capitalization of $248.03 million, a price-to-earnings ratio of 57.82 and a beta of 0.72.
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.
Further Reading
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.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
