Pintec Technology (NASDAQ:PT) Trading 2.9% Higher

Pintec Technology Holdings Limited (NASDAQ:PT)’s share price traded up 2.9% during trading on Wednesday . The company traded as high as $1.04 and last traded at $0.97. 779,295 shares traded hands during trading, a decline of 47% from the average session volume of 1,462,758 shares. The stock had previously closed at $0.95.

The company’s fifty day moving average is $0.97. The company has a debt-to-equity ratio of 8.32, a current ratio of 1.38 and a quick ratio of 1.38.

A hedge fund recently raised its stake in Pintec Technology stock. Renaissance Technologies LLC lifted its stake in Pintec Technology Holdings Limited (NASDAQ:PT) by 60.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,064 shares of the company’s stock after purchasing an additional 40,439 shares during the quarter. Renaissance Technologies LLC owned about 0.25% of Pintec Technology worth $118,000 at the end of the most recent reporting period. Institutional investors own 0.41% of the company’s stock.

About Pintec Technology (NASDAQ:PT)

Pintec Technology Holdings Limited, together with its subsidiaries, operates an online technology platform that enables financial services in the People's Republic of China. The company connects business partners and financial partners on its platform and enables them to provide financial services to end users.

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