Pintec Technology Holdings Ltd. (NASDAQ:PT – Get Free Report) was down 3.1% during mid-day trading on Tuesday . The stock traded as low as $0.91 and last traded at $0.94. Approximately 67,124 shares changed hands during trading, a decline of 72% from the average daily volume of 243,928 shares. The stock had previously closed at $0.97.
Pintec Technology Stock Performance
The company’s fifty day moving average is $1.00 and its 200-day moving average is $0.98.
Institutional Trading of Pintec Technology
An institutional investor recently bought a new position in Pintec Technology stock. Virtu Financial LLC purchased a new stake in Pintec Technology Holdings Ltd. (NASDAQ:PT – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology at the end of the most recent reporting period. 6.57% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than Pintec Technology
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Pintec Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pintec Technology and related companies with MarketBeat.com's FREE daily email newsletter.
