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MMTec, Inc. Common Shares - $MTC STOCK NEWS

Welcome to our dedicated page for MMTec Common Shares news (Ticker: $MTC), a resource for investors and traders seeking the latest updates and insights on MMTec Common Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MMTec Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MMTec Common Shares's position in the market.

Rhea-AI Summary
MMTEC, Inc. (MTC) reports a 289.48% revenue increase due to the acquisition of Alpha Mind Technology Limited. However, gross profit decreased by 79.64% and net loss rose to $14.45 million. Xiangdong Wen, CEO, expects further growth in 2023 and plans to expand into overseas markets. The company's financial condition shows a decrease in cash and working capital, with significant cash used in investing activities.
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MMTEC, Inc. (NASDAQ: MTC) regained compliance with Nasdaq's minimum bid price requirement, closing the matter previously disclosed in a notification letter from the Listings Qualifications Department. The company's common stock bid price was equal to or greater than $1.00 per share for the preceding 16 consecutive business days, leading to compliance with the Bid Price Rule.
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MMTEC, Inc. announces its 2023 annual meeting of shareholders
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2.7%
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6.37%
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MMTec, Inc. Common Shares

Nasdaq:MTC

MTC Rankings

MTC Stock Data

493.88M
98.95M
0.18%
0.11%
0.12%
Software Publishers
Information
Link
United States of America
Sheung Wan