Pintec Technology (NASDAQ:PT) Trading Down 0.7% – Should You Sell?

Shares of Pintec Technology Holdings Ltd. (NASDAQ:PT) were down 0.7% during mid-day trading on Thursday . The company traded as low as $0.94 and last traded at $0.97. Approximately 46,901 shares were traded during trading, a decline of 36% from the average daily volume of 73,456 shares. The stock had previously closed at $0.9768.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pintec Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pintec Technology presently has a consensus rating of “Sell”.

Pintec Technology Stock Performance

The stock’s 50-day moving average is $0.95 and its 200-day moving average is $0.95.

Institutional Investors Weigh In On Pintec Technology

A hedge fund recently bought a new stake in Pintec Technology stock. Virtu Financial LLC purchased a new stake in shares of Pintec Technology Holdings Ltd. (NASDAQ:PT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology as of its most recent SEC filing. 6.57% of the stock is owned by hedge funds and other institutional investors.

About Pintec Technology

Pintec Technology Holdings Limited, together with its subsidiaries, engages in the provision of technology-enabled financial and digital services to the ecosystem of MSMEs and SMEs in the People’s Republic of China. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end users.