Pintec Technology (NASDAQ:PT) Trading Down 3.1% – Here’s What Happened

Pintec Technology Holdings Ltd. (NASDAQ:PT) shares fell 3.1% on Tuesday . The stock traded as low as $0.91 and last traded at $0.94. 67,124 shares were traded during trading, a decline of 72% from the average session volume of 243,928 shares. The stock had previously closed at $0.97.

Pintec Technology Trading Up 3.0%

The firm’s 50 day moving average price is $1.00 and its two-hundred day moving average price is $0.98.

Institutional Investors Weigh In On Pintec Technology

An institutional investor recently bought a new position in Pintec Technology stock. Virtu Financial LLC bought a new position in shares of Pintec Technology Holdings Ltd. (NASDAQ:PT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 6.57% of the company’s stock.

Pintec Technology Company Profile

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.