MMTec (NASDAQ:MTC) Trading 0.4% Higher – What’s Next?

Shares of MMTec, Inc. (NASDAQ:MTC) were up 0.4% during trading on Tuesday . The stock traded as high as $2.99 and last traded at $2.83. Approximately 32,288 shares were traded during trading, a decline of 4% from the average daily volume of 33,490 shares. The stock had previously closed at $2.82.

Analyst Ratings Changes

A number of equities analysts recently commented on MTC shares. Wall Street Zen upgraded shares of MMTec to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MMTec in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

MMTec Trading Up 0.4%

The business has a fifty day moving average of $2.91 and a 200-day moving average of $1.70.

Institutional Trading of MMTec

An institutional investor recently bought a new position in MMTec stock. Marex Group plc bought 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 and 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 at the end of the most recent quarter. 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.