Wall Street Zen Upgrades MMTec (NASDAQ:MTC) to Hold

MMTec (NASDAQ:MTC) was upgraded by Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of MMTec in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, MMTec has a consensus rating of “Sell”.

MMTec Stock Performance

MTC stock opened at $6.71 on Friday. The company has a quick ratio of 12.50, a current ratio of 12.50 and a debt-to-equity ratio of 0.21. MMTec has a 1 year low of $0.25 and a 1 year high of $9.10. The company has a fifty day simple moving average of $5.55 and a 200 day simple moving average of $3.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Marex Group plc acquired a new position in MMTec during the 2nd quarter worth $36,000. Susquehanna International Group LLP lifted its position in MMTec by 648.5% during the 3rd quarter. Susquehanna International Group LLP now owns 89,595 shares of the company’s stock worth $74,000 after acquiring an additional 77,625 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in MMTec during the 4th quarter worth $92,000. 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.