MMTec (NASDAQ:MTC) Shares Down 4.7% – Should You Sell?

MMTec, Inc. (NASDAQ:MTC)’s share price fell 4.7% during trading on Tuesday . The company traded as low as $0.22 and last traded at $0.23. 1,794,911 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 4,031,832 shares. The stock had previously closed at $0.24.

MMTec Trading Down 4.7 %

The firm’s fifty day simple moving average is $0.38 and its two-hundred day simple moving average is $0.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MMTec stock. Virtu Financial LLC bought a new position in MMTec, Inc. (NASDAQ:MTC) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,654 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 0.25% of the company’s stock.

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.