Pintec Technology (NASDAQ:PT) Stock Breaks Above 200 Day Moving Average – What’s Next?

Pintec Technology Holdings Ltd. (NASDAQ:PT) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.97 and traded as high as $1.01. Pintec Technology shares last traded at $0.9730, with a volume of 14,727 shares trading hands.

Pintec Technology Stock Performance

The firm’s 50-day moving average is $0.94 and its 200-day moving average is $0.97.

Pintec Technology Company Profile

Pintec Technology Holdings Limited is a China-based financial technology company that provides technology-enabled financial services and solutions. The company connects financial institutions, business partners and borrowers through digital platforms designed to support consumer lending and other financial activities.

Pintec’s services have included loan facilitation, investment facilitation and technology solutions for financial institutions and online financial platforms. Its technology is intended to support functions such as customer acquisition, credit assessment, risk management, transaction processing and post-loan servicing.

Founded in 2012 and headquartered in Beijing, Pintec has primarily served the Chinese market through partnerships with banks, consumer finance companies and other financial-service providers.