Pintec Technology (NASDAQ:PT) Trading Down 6.3% – What’s Next?

Pintec Technology Holdings Ltd. (NASDAQ:PT) fell 6.3% during mid-day trading on Tuesday . The stock traded as low as $0.96 and last traded at $0.9750. 105,382 shares traded hands during trading, an increase of 118% from the average session volume of 48,353 shares. The stock had previously closed at $1.04.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pintec Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pintec Technology currently has a consensus rating of “Sell”.

Pintec Technology Price Performance

The business has a 50-day moving average of $0.97 and a 200 day moving average of $0.96.

Hedge Funds Weigh In On Pintec Technology

A hedge fund recently bought a new stake in Pintec Technology stock. Virtu Financial LLC acquired a new position in Pintec Technology Holdings Ltd. (NASDAQ:PT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology at the end of the most recent reporting period. 6.57% of the stock is owned by institutional investors and hedge funds.

About Pintec Technology

Pintec Technology Holdings Limited, together with its subsidiaries, engages in the provision of technology-enabled financial and digital services to the ecosystem of MSMEs and SMEs in the People’s Republic of China. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end users.