MMTec (NASDAQ:MTC) Shares to Reverse Split on Wednesday, December 18th

MMTec, Inc. (NASDAQ:MTC) shares are going to reverse split on the morning of Wednesday, December 18th. The 1-8 reverse split was announced on Thursday, December 12th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, December 17th.

MMTec Stock Performance

NASDAQ:MTC opened at $0.23 on Friday. MMTec has a one year low of $0.18 and a one year high of $12.90. The firm has a 50-day simple moving average of $0.34 and a 200-day simple moving average of $0.34.

Institutional Investors Weigh In On MMTec

A hedge fund recently bought a new stake in MMTec stock. XTX Topco Ltd bought a new stake in shares of MMTec, Inc. (NASDAQ:MTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned approximately 0.24% of MMTec at the end of the most recent reporting period. 0.25% of the stock is currently owned by institutional investors.

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.