OneConnect Financial Technology (NYSE:OCFT) Stock Price Down 3.4% – Should You Sell?

Shares of OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) traded down 3.4% on Thursday . The stock traded as low as $2.91 and last traded at $2.99. 13,618 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 27,188 shares. The stock had previously closed at $3.09.

OneConnect Financial Technology Price Performance

The firm has a market capitalization of $112.91 million, a PE ratio of 26.32 and a beta of 0.72. The business’s 50 day moving average is $2.72 and its two-hundred day moving average is $2.23.

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.