Shares of MMTec, Inc. (NASDAQ:MTC – Get Free Report) were down 4.8% on Tuesday . The company traded as low as $1.78 and last traded at $1.78. Approximately 15,768 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,580,354 shares. The stock had previously closed at $1.87.
MMTec Price Performance
The stock has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.33.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. HRT Financial LP bought a new position in shares of MMTec during the 1st quarter worth approximately $337,000. Geode Capital Management LLC bought a new position in shares of MMTec during the 1st quarter worth approximately $172,000. Virtu Financial LLC boosted its stake in shares of MMTec by 147.0% during the 4th quarter. Virtu Financial LLC now owns 34,911 shares of the company’s stock worth $25,000 after acquiring an additional 20,775 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of MMTec during the 3rd quarter worth approximately $28,000. 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.
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