MMTec’s (MTC) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of MMTec (NASDAQ:MTC) in a research note published on Tuesday morning,Weiss Ratings reports.

MMTec Stock Down 2.1%

NASDAQ:MTC opened at $0.92 on Tuesday. The firm’s 50-day moving average price is $0.92 and its 200-day moving average price is $0.97. MMTec has a 1-year low of $0.76 and a 1-year high of $3.52.

Hedge Funds Weigh In On MMTec

An institutional investor recently bought a new position in MMTec stock. Marex Group plc bought a new position in MMTec, Inc. (NASDAQ:MTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,212 shares of the company’s stock, valued at approximately $36,000. Marex Group plc owned approximately 0.14% of MMTec as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.25% of the company’s stock.

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.