Mmtec Inc (NASDAQ: MTC) – Time For Strategy Change?

Mmtec Inc (NASDAQ:MTC) currently has a daily average trading volume of 2.05M but it saw 1128939 shares traded in last market. With a market cap of 52.16M USD, the company’s current market price of $0.26 came rising about 0.85 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.90 and as low as $0.24. In the recent trading on the day, stock has struck highest price mark of $0.253 while lowest mark touched by it was $0.268.

Taking a look at 20-day trading activity of Mmtec Inc (MTC) gives us an average price of $0.2728, while its current price level is -97.97% below from 52-week high level whereas it is 8.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3153 while that of 200 days or SMA-200 reads an average of $1.3419. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.42% during that period while stretching the period over a month that increases to 11.63%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.05 which implies that the stock is in neutral territory.

Over the week, MTC’s stock price is moving -1.54% down while it is -0.27% when we observe its performance for the past one month. Year-to-date it is -73.81% down and over the past year, the stock is showing a downside performance of -56.17%.

Currently, Mmtec Inc’s total number of outstanding shares is 199.15M. Company’s return on investment (ROI) stands at -17.06% and return on equity (ROE) at -65.75%. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 0.62 while price to sale or P/S ratio amounts to 16.20. Its return on asset (ROA) is -25.62% on average.