Shares of MMTec, Inc. (NASDAQ:MTC – Get Free Report) rose 4.9% during trading on Tuesday . The stock traded as high as $2.59 and last traded at $2.55. Approximately 27,566 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 32,800 shares. The stock had previously closed at $2.43.
Analyst Ratings Changes
A number of research firms recently weighed in on MTC. Wall Street Zen raised shares of MMTec to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of MMTec in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on MMTec
MMTec Price Performance
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marex Group plc acquired a new position in MMTec during the 2nd quarter worth $36,000. Susquehanna International Group LLP boosted its stake in shares of MMTec by 648.5% in the 3rd quarter. Susquehanna International Group LLP now owns 89,595 shares of the company’s stock valued at $74,000 after buying an additional 77,625 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of MMTec in the 4th quarter valued at about $92,000. 0.25% of the stock is currently owned by hedge funds and other institutional investors.
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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