Pintec Technology Holdings Ltd. (NASDAQ:PT – Get Free Report) fell 2.3% on Wednesday . The company traded as low as $0.92 and last traded at $0.92. 5,339 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 243,928 shares. The stock had previously closed at $0.9421.
Pintec Technology Stock Performance
The business has a fifty day simple moving average of $0.94 and a two-hundred day simple moving average of $0.97.
Institutional Trading of Pintec Technology
A hedge fund recently bought a new stake in Pintec Technology stock. Virtu Financial LLC acquired a new position in shares of Pintec Technology Holdings Ltd. (NASDAQ:PT – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.32% of Pintec Technology at the end of the most recent reporting period. 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.
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