OneConnect Financial Technology (NYSE:OCFT) Trading Up 1.6% – Here’s What Happened

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)’s share price shot up 1.6% during trading on Tuesday . The company traded as high as $6.22 and last traded at $5.96. 100,083 shares traded hands during trading, an increase of 41% from the average session volume of 71,215 shares. The stock had previously closed at $5.86.

OneConnect Financial Technology Price Performance

The company has a market cap of $232.24 million, a PE ratio of 54.14 and a beta of 0.46. The business has a 50 day moving average of $5.29 and a 200 day moving average of $3.52.

OneConnect Financial Technology (NYSE:OCFT) last posted its earnings results on Tuesday, March 18th. The company reported ($0.45) EPS for the quarter. OneConnect Financial Technology had a negative return on equity of 6.05% and a net margin of 0.95%. The company had revenue of $57.74 million during the quarter.

OneConnect Financial Technology Company Profile

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.