OneConnect Financial Technology (NYSE:OCFT) Shares Down 4.2% – Here’s What Happened

OneConnect Financial Technology Co., Ltd. (NYSE:OCFTGet Free Report) shares traded down 4.2% during trading on Thursday . The stock traded as low as $4.30 and last traded at $4.35. 24,863 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 38,302 shares. The stock had previously closed at $4.54.

OneConnect Financial Technology Price Performance

The company has a market capitalization of $206.07 million, a price-to-earnings ratio of 48.41 and a beta of 0.72. The firm’s fifty day simple moving average is $3.10 and its 200 day simple moving average is $2.46.

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

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