MMTec (NASDAQ:MTC) Upgraded by Wall Street Zen to “Sell” Rating

MMTec (NASDAQ:MTC) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MMTec in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

MMTec Trading Up 5.6%

MTC opened at $3.23 on Friday. The company has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $1.22. MMTec has a 1-year low of $0.25 and a 1-year high of $3.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MMTec stock. Marex Group plc purchased a new stake in shares of MMTec, Inc. (NASDAQ:MTC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. 0.25% of the stock is currently owned by hedge funds and other institutional investors.

About MMTec

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.