MMTec (NASDAQ:MTC) Trading Down 0.7% – What’s Next?

Shares of MMTec, Inc. (NASDAQ:MTC) traded down 0.7% on Thursday . The company traded as low as $1.43 and last traded at $1.45. 105,937 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 206,313 shares. The stock had previously closed at $1.46.

MMTec Stock Performance

The firm has a 50 day moving average price of $1.86 and a 200-day moving average price of $2.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MMTec stock. XTX Topco Ltd bought a new stake in MMTec, Inc. (NASDAQ:MTC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned about 0.24% of MMTec at the end of the most recent quarter. 0.25% of the stock is currently owned by institutional investors.

About MMTec

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.