OneConnect Financial Technology (NYSE:OCFT) Shares Down 2.9% – Should You Sell?

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) was down 2.9% on Tuesday . The company traded as low as $2.64 and last traded at $2.65. Approximately 22,071 shares changed hands during trading, a decline of 53% from the average daily volume of 47,176 shares. The stock had previously closed at $2.73.

OneConnect Financial Technology Stock Down 2.9 %

The stock has a market cap of $103.35 million, a PE ratio of 24.09 and a beta of 0.66. The business’s 50-day simple moving average is $2.51 and its 200-day simple moving average is $2.00.

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.