MMTec (NASDAQ:MTC) Shares Scheduled to Reverse Split on Wednesday, December 18th

MMTec, Inc. (NASDAQ:MTC)’s stock is scheduled to reverse split on Wednesday, December 18th. The 1-8 reverse split was announced on Thursday, December 12th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, December 17th.

MMTec Price Performance

NASDAQ:MTC opened at $0.23 on Friday. MMTec has a 52-week low of $0.18 and a 52-week high of $12.90. The stock has a fifty day moving average of $0.34 and a 200 day moving average of $0.34.

Institutional Trading of MMTec

A hedge fund recently bought a new stake in MMTec stock. XTX Topco Ltd acquired a new position in shares of MMTec, Inc. (NASDAQ:MTC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned about 0.24% of MMTec as of its most recent filing with the Securities and Exchange Commission. 0.25% of the stock is currently owned by hedge funds and other institutional investors.

MMTec Company Profile

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.