M&G Plc Sells 56,435 Shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)

M&G Plc lowered its stake in shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,268,157 shares of the company’s stock after selling 56,435 shares during the quarter. M&G Plc owned approximately 3.25% of OneConnect Financial Technology worth $2,004,000 as of its most recent SEC filing.

OneConnect Financial Technology Trading Up 2.1 %

Shares of NYSE OCFT traded up $0.03 during midday trading on Tuesday, hitting $1.48. The company’s stock had a trading volume of 7,999 shares, compared to its average volume of 17,138. The stock has a fifty day moving average price of $1.71 and a 200 day moving average price of $2.01. OneConnect Financial Technology Co., Ltd. has a one year low of $1.35 and a one year high of $3.89. The firm has a market capitalization of $57.72 million, a price-to-earnings ratio of -1.08 and a beta of 0.61.

OneConnect Financial Technology (NYSE:OCFT) last posted its earnings results on Tuesday, May 21st. The company reported ($0.21) earnings per share for the quarter. OneConnect Financial Technology had a negative net margin of 10.33% and a negative return on equity of 10.21%. The company had revenue of $101.02 million for the quarter.

About OneConnect Financial Technology

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.