MMTec (NASDAQ:MTC) Shares Up 0.4% – Here’s What Happened

MMTec, Inc. (NASDAQ:MTC) traded up 0.4% during mid-day trading on Tuesday. The company traded as high as $5.30 and last traded at $5.01. 7,536 shares traded hands during trading, a decline of 76% from the average daily volume of 31,327 shares. The stock had previously closed at $4.99.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of MMTec in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, MMTec presently has a consensus rating of “Sell”.

MMTec Stock Up 0.4%

The firm has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $4.60.

MMTec (NASDAQ:MTC) last announced its earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter.

About MMTec

MMTec, Inc (NASDAQ: MTC) is a financial technology and financial services company based in China. The company develops and operates technology intended to support investment and wealth-management activities, with a focus on connecting financial institutions, investment professionals and clients through digital platforms.

MMTec’s business has included financial information services, investment-related technology and solutions for securities and asset-management activities. Its platforms and services are designed to assist with areas such as investment research, portfolio management, trading support and the distribution of financial products, although the specific scope of its operations may change as the company develops its business.

The company primarily serves participants in China’s financial services market.