MMTec (NASDAQ:MTC) Posts Earnings Results

MMTec (NASDAQ:MTC) issued its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports.

MMTec Price Performance

Shares of NASDAQ:MTC traded down $0.03 during midday trading on Wednesday, reaching $3.03. The company had a trading volume of 7,454 shares, compared to its average volume of 65,944. MMTec has a 1-year low of $0.25 and a 1-year high of $9.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 12.50 and a quick ratio of 12.50. The business’s 50 day moving average price is $2.95 and its 200 day moving average price is $4.51.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Marex Group plc acquired a new stake in shares of MMTec in the 2nd quarter valued at approximately $36,000. Susquehanna International Group LLP increased its holdings in MMTec by 648.5% during the third quarter. Susquehanna International Group LLP now owns 89,595 shares of the company’s stock worth $74,000 after buying an additional 77,625 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in MMTec during the fourth quarter worth $92,000. Institutional investors and hedge funds own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MTC has been the subject of several recent analyst reports. Wall Street Zen upgraded MMTec to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of MMTec in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, MMTec currently has an average rating of “Sell”.

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.