MMTec, Inc. (NASDAQ:MTC – Get Free Report) traded up 11.6% during trading on Friday . The company traded as high as $2.80 and last traded at $2.7450. 262,609 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 26,696,732 shares. The stock had previously closed at $2.46.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MMTec in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, MMTec currently has an average rating of “Sell”.
MMTec Stock Up 11.6%
Institutional Inflows and Outflows
An institutional investor recently bought a new position in MMTec stock. Marex Group plc bought a new position in MMTec, Inc. (NASDAQ:MTC – Free Report) in the 2nd quarter, according to its most recent 13F filing 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 about 0.14% of MMTec as of its most recent filing with the Securities and Exchange Commission. 0.25% of the stock is currently owned by institutional investors.
About MMTec
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.
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