MMTec (NASDAQ:MTC) Raised to “Sell” at Wall Street Zen

MMTec (NASDAQ:MTC) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MMTec in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

MMTec Stock Up 5.6%

MMTec stock opened at $3.23 on Friday. MMTec has a twelve month low of $0.25 and a twelve month high of $3.89. The stock’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $1.23.

Hedge Funds Weigh In On MMTec

An institutional investor recently bought a new position in MMTec stock. Marex Group plc acquired a new position in shares of MMTec, Inc. (NASDAQ:MTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,212 shares of the company’s stock, valued at approximately $36,000. Marex Group plc owned approximately 0.14% of MMTec at the end of the most recent quarter. 0.25% of the stock is owned by institutional investors and hedge funds.

MMTec Company Profile

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.