OneConnect Financial Technology (NYSE:OCFT) Posts Earnings Results

OneConnect Financial Technology (NYSE:OCFT) issued its earnings results on Tuesday. The company reported ($0.45) EPS 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 Price Performance

NYSE:OCFT opened at $6.51 on Tuesday. The firm’s fifty day moving average price is $4.00 and its two-hundred day moving average price is $2.89. The company has a market cap of $253.96 million, a P/E ratio of 59.21 and a beta of 0.57. OneConnect Financial Technology has a one year low of $0.87 and a one year high of $6.90.

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.