Pintec Technology (NASDAQ:PT) Shares Climb 1.1% – Here’s Why

Pintec Technology Holdings Ltd. (NASDAQ:PT)’s stock price traded up 1.1% on Wednesday. The company traded as high as $0.93 and last traded at $0.93. 1,097 shares changed hands during trading, a decline of 100% from the average session volume of 243,928 shares. The stock had previously closed at $0.92.

Pintec Technology Price Performance

The business has a 50-day simple moving average of $0.94 and a 200-day simple moving average of $0.98.

About Pintec Technology

Pintec Technology Holdings Limited is a Chinese fintech company that provides technology-enabled financial services through an open platform. The company has focused on using data analytics, artificial intelligence and other technology to support lending, wealth management and related financial activities.

Its services have included consumer and small-business lending solutions, wealth-management products and technology services for financial institutions and other business partners. Pintec’s platform is designed to connect consumers and borrowers with financial products while helping partner institutions improve customer acquisition, risk assessment, credit decision-making and loan servicing.

Founded in 2012 and headquartered in China, Pintec has primarily served the Chinese market through partnerships with banks, consumer-finance companies, wealth-management providers and other financial institutions.