XTX Topco Ltd Purchases New Position in MMTec, Inc. (NASDAQ:MTC)

XTX Topco Ltd acquired a new stake in MMTec, Inc. (NASDAQ:MTC) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 204,362 shares of the company’s stock, valued at approximately $104,000.

Separately, Virtu Financial LLC acquired a new position in shares of MMTec in the first quarter valued at approximately $27,000. 0.25% of the stock is owned by hedge funds and other institutional investors.

MMTec Stock Down 9.3 %

NASDAQ:MTC opened at $0.47 on Wednesday. MMTec, Inc. has a one year low of $0.24 and a one year high of $12.90. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.26. The firm’s 50 day simple moving average is $0.29 and its 200 day simple moving average is $1.13.

MMTec 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.