Freight Technologies (NASDAQ:FRGT) Trading Up 1.5% – Time to Buy?

Freight Technologies, Inc. (NASDAQ:FRGT) shares traded up 1.5% during trading on Monday . The stock traded as high as $1.42 and last traded at $1.38. 55,897 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 219,100 shares. The stock had previously closed at $1.36.

Freight Technologies Trading Up 1.5 %

The stock’s fifty day moving average is $1.42 and its 200 day moving average is $0.75.

Institutional Trading of Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Barclays PLC purchased a new position in Freight Technologies, Inc. (NASDAQ:FRGT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned approximately 1.91% of Freight Technologies at the end of the most recent quarter. 6.24% of the stock is owned by hedge funds and other institutional investors.

About Freight Technologies

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.