MMTec (NASDAQ:MTC) Shares Up 6.4% – Time to Buy?

MMTec, Inc. (NASDAQ:MTC)’s stock price rose 6.4% during trading on Tuesday . The stock traded as high as $3.95 and last traded at $3.81. 62,123 shares were traded during trading, an increase of 147% from the average session volume of 25,126 shares. The stock had previously closed at $3.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of MMTec in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MMTec currently has a consensus rating of “Sell”.

MMTec Trading Up 6.4%

The stock’s fifty day moving average price is $2.95 and its 200-day moving average price is $4.52. The company has a quick ratio of 12.50, a current ratio of 11.27 and a debt-to-equity ratio of 0.24.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in MMTec during the 4th quarter valued at $92,000. Marex Group plc acquired a new position in shares of MMTec in the second quarter valued at $36,000. Finally, Susquehanna International Group LLP raised its position in shares of MMTec by 648.5% in the third quarter. Susquehanna International Group LLP now owns 89,595 shares of the company’s stock valued at $74,000 after purchasing an additional 77,625 shares during the period. 0.25% of the stock is owned by institutional investors and hedge funds.

MMTec Company Profile

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.