OneConnect Financial Technology (NYSE:OCFT) Trading Down 2.9% – Here’s What Happened

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) was down 2.9% on Tuesday . The company traded as low as $2.64 and last traded at $2.65. Approximately 22,071 shares were traded during trading, a decline of 53% from the average daily volume of 47,176 shares. The stock had previously closed at $2.73.

OneConnect Financial Technology Stock Performance

The stock has a market capitalization of $103.35 million, a P/E ratio of 24.09 and a beta of 0.66. The firm has a 50-day moving average price of $2.49 and a 200 day moving average price of $1.99.

About OneConnect Financial Technology

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.