Pintec Technology Holdings Ltd - ADR (PT) stock is lower by 34.29% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With PT Stock Today?
Pintec Technology Holdings Ltd - ADR (PT) stock is trading at $1.38 as of 2:26 PM on Friday, Feb 26, a drop of -$0.17, or -10.97% from the previous closing price of $1.55. The stock has traded between $1.33 and $1.59 so far today. Volume today is below average. So far 665,094 shares have traded compared to average volume of 1,612,676 shares.
To see the top 5 stocks in the Credit Services industry click here.
More About Pintec Technology Holdings Ltd - ADR
Pintec Technology Holdings Ltd is a technology platform that provides financial services in China in terms of loan volume facilitated. The company connects business partners and financial partners on its open platform and enable them to provide financial services to end users. Its products include installment loans, personal loans, wealth management, insurance brokerage, SME loans, and others. The company generates its revenue from technical service fees.
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