Pintec Technology Holdings Limited (PT) Just Reaches All-Time Low?

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: Nasdaq.com which released: “U.S. STOCKS ON THE MOVE-Goldman, Advanced Disposal, Bio-Path, Spotify, Achaogen – Nasdaq” on April 15, 2019, also Seekingalpha.com with their article: “Roth sees 2020 ramp for Energous – Energous Corporation (NASDAQ:WATT) – Seeking Alpha” published on May 01, 2019, Nasdaq.com published: “Pinterest Shares Up Close to 29% on IPO Day – Nasdaq” on April 18, 2019. More interesting news about Pintec Technology Holdings Limited (NASDAQ:PT) were released by: Nasdaq.com and their article: “eWellness Announces a New Podcast on the Future of PHZIO in the Digital PT Marketplace – Nasdaq” published on May 08, 2019 as well as Nasdaq.com‘s news article titled: “U.S. STOCKS ON THE MOVE-Goldman, Boeing, Bio-Path, Alliance Data, Match Group – Nasdaq” with publication date: April 15, 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.

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