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Wednesday, April 21, 2021

Is Now the Time to Invest in Pintec Technology Holdings Limited (NASDAQ:PT)?

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Pintec Technology Holdings Limited (PT) shares are trading at lower $1.06.

To add more color to this target, the company’s high over the last year is $3.28 and the low is $0.40. Over the last 52 weeks, PT is up 4.95% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

PT booked profit margins of -70.50%, its Return on Equity (ROE) is -98.90%, and its Return on Assets is -40.50%. All told, it is clear that, PT 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. PT has a short ratio of 2.59 and outstanding shares of 42.45M.

Company Outlook

PT has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -3.20. Pintec Technology Holdings Limited PT also noted assets of $171.56 million at the end of the last quarter. Investors should also keep an eye on sector updates as PT has historically followed its peers on positive news.

All told, Pintec Technology Holdings Limited PT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PT 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.

Pintec Technology Holdings Limited PT is now commanding a market cap of 46.48M and a float of 30.33M. PT 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 PT 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 PT, either long or short, and we have not been compensated for this article.

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