OneConnect Financial Technology (NYSE:OCFT) Announces Earnings Results

OneConnect Financial Technology (NYSE:OCFT) released its quarterly earnings results on Tuesday. The company reported ($0.45) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $57.74 million during the quarter. OneConnect Financial Technology had a net margin of 0.95% and a negative return on equity of 6.05%.

OneConnect Financial Technology Stock Performance

OneConnect Financial Technology stock opened at $6.69 on Thursday. The company’s 50 day simple moving average is $4.17 and its 200-day simple moving average is $2.95. The company has a market capitalization of $260.90 million, a price-to-earnings ratio of 60.82 and a beta of 0.57. OneConnect Financial Technology has a 1 year low of $0.87 and a 1 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.