Is Pintec Technology Holdings Limited (PT)’s Fuel Running Low? The Stock Reaches All-Time Low Today

The stock of Pintec Technology Holdings Limited (NASDAQ:PT) reached all time low today, May, 8 and still has $6.08 target or 4.00 % below today’s $6.33 share price. This indicates more downside for the $237.28M company. This technical setup was reported by Barchart.com. If the $6.08 PT is reached, the company will be worth $9.49M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock increased 6.46% or $0.38 during the last trading session, reaching $6.33. About 72,920 shares traded or 95.90% up from the average. Pintec Technology Holdings Limited (NASDAQ:PT) has 0.00% since May 8, 2018 and is . It has underperformed by 4.37% the S&P500.

More notable recent Pintec Technology Holdings Limited (NASDAQ:PT) news were published by: Seekingalpha.com which released: “Roth sees 2020 ramp for Energous – Energous Corporation (NASDAQ:WATT) – Seeking Alpha” on May 01, 2019, also Nasdaq.com with their article: “AMD Reports First Quarter 2019 Financial Results – Nasdaq” published on April 30, 2019, Nasdaq.com published: “Cherokee Global Brands to Announce Fourth Quarter and Fiscal Year 2019 Financial Results on April 23 – Nasdaq” on April 15, 2019. More interesting news about Pintec Technology Holdings Limited (NASDAQ:PT) were released by: Nasdaq.com and their article: “STMicroelectronics to Webcast Capital Markets Day – Nasdaq” published on May 06, 2019 as well as Nasdaq.com‘s news article titled: “Hemispherx Biopharma’s CEO to Present at Planet MicroCap Showcase 2019 – Nasdaq” with publication date: April 25, 2019.

Pintec Technology Holdings Limited, through with its subsidiaries, engages in the operation of an online technology platform that enables financial services in the People's Republic of China. The company has market cap of $237.28 million. The firm connects business partners and financial partners on its open platform and enables them to provide financial services to end users. It currently has negative earnings. The Company’s technology platform include a lending solution for borrowers to originate loans; a lending solution for borrowers who want to finance online purchases; and a wealth management solution for asset management companies and insurance companies to facilitate the sales of products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.