OneConnect Financial Technology (NASDAQ:OCFT) Trading Down 8.1%

OneConnect Financial Technology Co., Ltd. (NASDAQ:OCFT) fell 8.1% on Friday . The stock traded as low as $19.75 and last traded at $20.20. 775,978 shares traded hands during trading, an increase of 41% from the average session volume of 550,277 shares. The stock had previously closed at $21.99.

A number of equities analysts have recently issued reports on OCFT shares. JPMorgan Chase & Co. cut shares of OneConnect Financial Technology from an “overweight” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, July 21st. KeyCorp increased their price target on OneConnect Financial Technology from $22.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Zacks Investment Research downgraded OneConnect Financial Technology from a “buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock

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