Pintec Technology (NASDAQ:PT) Trading Up 1.8% – Time to Buy?

Pintec Technology Holdings Ltd. (NASDAQ:PT) shares traded up 1.8% during trading on Monday . The stock traded as high as $0.9507 and last traded at $0.9231. 50,711 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 77,486 shares. The stock had previously closed at $0.9070.

Pintec Technology Trading Up 1.8%

The stock has a fifty day moving average of $0.97 and a two-hundred day moving average of $0.97.

Institutional Trading of Pintec Technology

A hedge fund recently bought a new stake in Pintec Technology stock. Virtu Financial LLC purchased a new stake in Pintec Technology Holdings Ltd. (NASDAQ:PT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.32% of Pintec Technology as of its most recent SEC filing. 6.57% of the stock is currently owned by institutional investors.

About Pintec Technology

Pintec Technology Holdings Limited, founded in 2008 and headquartered in Beijing, is a leading fintech company that provides technology-enabled financial solutions to banks, consumer finance companies and other financial institutions in China. Its core business revolves around an origination-as-a-service platform that enables partners to quickly launch and manage digital lending and wealth management products. This platform covers the entire credit lifecycle, including customer acquisition, credit decisioning, risk management and post-loan servicing.

In addition to its fintech platform business, Pintec operates a content-based marketing platform that harnesses big data analytics and AI-driven algorithms to match financial service providers with potential customers through online media, social networks and other digital channels.