Mmtec Inc. (MTC) shares are trading at higher $1.34.
To add more color to this target, the company’s high over the last year is $7.70 and the low is $0.64. Over the last 52 weeks, MTC is down -53.15% while the S&P 500 is up 16.41%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
MTC Return on Equity (ROE) is -82.40%, and its Return on Assets is -61.80%. All told, it is clear that, MTC needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MTC has a short ratio of 0.68 and outstanding shares of 20.07M.
MTC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.19 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.11. Mmtec Inc. MTC also noted assets of $6.29 million at the end of the last quarter. Investors should also keep an eye on sector updates as MTC has historically followed its peers on positive news.
All told, Mmtec Inc. MTC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MTC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Mmtec Inc. MTC is now commanding a market cap of 27.58M and a float of 6.98M. MTC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MTC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MTC, either long or short, and we have not been compensated for this article.