Pintec Technology (NASDAQ:PT) Stock Price Up 1.7% – Should You Buy?

Pintec Technology Holdings Ltd. (NASDAQ:PT) shares traded up 1.7% during trading on Wednesday . The stock traded as high as $0.9456 and last traded at $0.9456. 3,868 shares traded hands during trading, a decline of 98% from the average session volume of 243,928 shares. The stock had previously closed at $0.9301.

Pintec Technology Price Performance

The firm’s 50 day simple moving average is $0.98 and its 200-day simple moving average is $0.98.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pintec Technology stock. Virtu Financial LLC purchased a new stake in Pintec Technology Holdings Ltd. (NASDAQ:PT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.32% of Pintec Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 6.57% of the company’s stock.

Pintec Technology Company Profile

Pintec Technology Holdings Limited, founded in 2008 and headquartered in Beijing, is a leading fintech company that provides technology-enabled financial solutions to banks, consumer finance companies and other financial institutions in China. Its core business revolves around an origination-as-a-service platform that enables partners to quickly launch and manage digital lending and wealth management products. This platform covers the entire credit lifecycle, including customer acquisition, credit decisioning, risk management and post-loan servicing.

In addition to its fintech platform business, Pintec operates a content-based marketing platform that harnesses big data analytics and AI-driven algorithms to match financial service providers with potential customers through online media, social networks and other digital channels.