Mmtec Inc (NASDAQ: MTC) Emerges As Guiding Light For Investors

Mmtec Inc (NASDAQ:MTC) currently has a daily average trading volume of 406.65K but it saw 168493 shares traded in last market. With a market cap of 38.09M USD, the company’s current market price of $1.53 came falling about -11.05 while comparing to the previous closing price of $1.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $103.20 and as low as $1.26. In the recent trading on the day, stock has struck highest price mark of $1.53 while lowest mark touched by it was $1.69.

Taking a look at 20-day trading activity of Mmtec Inc (MTC) gives us an average price of $1.6613, while its current price level is -98.52% below from 52-week high level whereas it is 21.43% 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 $2.1753 while that of 200 days or SMA-200 reads an average of $6.6509. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.06% during that period while stretching the period over a month that increases to 14.78%. 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 42.70 which implies that the stock is in neutral territory.

Over the week, MTC’s stock price is moving -2.55% down while it is -13.81% when we observe its performance for the past one month. Year-to-date it is -2.55% down and over the past year, the stock is showing a downside performance of -90.72%.

Currently, Mmtec Inc’s total number of outstanding shares is 199.15M. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 3.22.