MMTec, Inc. (NASDAQ:MTC – Get Free Report)’s share price shot up 9.8% during mid-day trading on Friday . The stock traded as high as $6.65 and last traded at $6.60. 81,653 shares changed hands during trading, a decline of 95% from the average session volume of 1,685,578 shares. The stock had previously closed at $6.01.
MMTec Stock Performance
The company has a debt-to-equity ratio of 0.26, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50-day simple moving average of $2.56 and a 200 day simple moving average of $1.81.
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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