Freight Technologies (NASDAQ:FRGT) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen downgraded shares of Freight Technologies (NASDAQ:FRGT) to a strong sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Freight Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Freight Technologies currently has an average rating of “Sell”.

Freight Technologies Price Performance

FRGT opened at $1.11 on Friday. The stock has a market capitalization of $1.87 million, a PE ratio of -0.01 and a beta of 1.19. The firm’s fifty day moving average price is $7.60 and its 200 day moving average price is $27.60. Freight Technologies has a 12-month low of $1.11 and a 12-month high of $512.50.

About Freight Technologies

Freight Technologies, Inc is a technology company that operates a digital freight-matching and logistics platform serving cross-border transportation markets in North America. Its platform is designed to connect shippers with carriers and help businesses arrange the movement of goods between Mexico, the United States and Canada.

The company’s Freight App provides tools for requesting freight quotes, booking transportation, tracking shipments and managing related logistics processes. By bringing shippers and transportation providers together through a digital platform, Freight Technologies seeks to improve visibility, efficiency and coordination in cross-border freight operations.

Freight Technologies focuses primarily on business-to-business freight transportation and logistics services.