OneConnect Financial Technology (NYSE:OCFT) Releases Earnings Results

OneConnect Financial Technology (NYSE:OCFT) issued its earnings results on Tuesday. The company reported ($0.45) earnings per share for the quarter, Zacks reports. OneConnect Financial Technology had a negative return on equity of 6.05% and a net margin of 0.95%.

OneConnect Financial Technology Stock Performance

Shares of NYSE:OCFT opened at $6.63 on Wednesday. The firm has a fifty day moving average price of $4.09 and a 200 day moving average price of $2.93. OneConnect Financial Technology has a fifty-two week low of $0.87 and a fifty-two week high of $6.90. The firm has a market cap of $258.56 million, a price-to-earnings ratio of 60.28 and a beta of 0.57.

OneConnect Financial Technology Company Profile

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.