Millennium Management LLC recently announced the acquisition of new stake in MMTec Inc. (NASDAQ:MTC). This fresh investment now brings its stake to 1.39% valued currently at $33753.0. In addition, Jane Street Capital LLC raised its holdings by 19160.0 to 19160.0 shares. And Renaissance Technologies LLC has lifted its position by 689.72% or 14760.0 shares – to 16900.0 shares.
With over 0.88 million MMTec Inc. (MTC) shares trading Monday and a closing price of $1.10 on the day, the dollar volume was approximately $0.96 million. The shares have shown a negative half year performance of -35.67% and its price on 01/23/23 gained nearly 15.50%. Currently, there are 3.14M common shares owned by the public and among those 1.91M shares have been available to trade.
Fidelity Nasdaq Composite Index F owns 2683.0 shares of the company’s stock, all valued at over $2079.0.
Shares of MMTec Inc. (NASDAQ: MTC) opened at $0.9333, down -$0.02 from a prior closing price of $0.95. However, the script later moved the day high at 1.3000, up 15.50%. The company’s stock has a 5-day price change of 17.40% and -16.03% over the past three months. MTC shares are trading 41.94% year to date (YTD), with the 12-month market performance down to -82.54% lower. It has a 12-month low price of $0.61 and touched a high of $8.29 over the same period. MTC has an average intraday trading volume of 137.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.98%, 14.23%, and -55.01% respectively.
Institutional ownership of MMTec Inc. (NASDAQ: MTC) shares accounts for 5.90% of the company’s 3.14M shares outstanding. Mutual fund holders own 0.09%, while other institutional holders and individual stakeholders account for 5.92% and — respectively.
It has a market capitalization of $3.36M and a beta (3y monthly) value of 2.55. The earnings-per-share (ttm) stands at -$2.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.47% over the week and 12.93% over the month.