MMTec, Inc. (NASDAQ:MTC – Get Free Report)’s stock price rose 6.4% on Tuesday . The company traded as high as $3.95 and last traded at $3.81. 62,123 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 25,126 shares. The stock had previously closed at $3.58.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of MMTec in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Report on MTC
MMTec Trading Up 3.0%
MMTec (NASDAQ:MTC – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter.
Hedge Funds Weigh In On MMTec
A number of hedge funds have recently modified their holdings of MTC. Susquehanna International Group LLP lifted its holdings in shares of MMTec by 648.5% during the third quarter. Susquehanna International Group LLP now owns 89,595 shares of the company’s stock valued at $74,000 after acquiring an additional 77,625 shares during the period. Marex Group plc acquired a new stake in shares of MMTec in the 2nd quarter valued at $36,000. Finally, Renaissance Technologies LLC acquired a new position in shares of MMTec during the fourth quarter valued at $92,000. 0.25% of the stock is owned by institutional investors and hedge funds.
About MMTec
MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.
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