Future FinTech Group (NASDAQ:FTFT – Get Free Report) announced its earnings results on Friday. The company reported ($0.33) EPS for the quarter, Zacks reports. The business had revenue of $1.33 million during the quarter.
Future FinTech Group Stock Down 2.2%
Shares of FTFT stock traded down $0.03 during trading hours on Friday, hitting $1.35. 1,198,620 shares of the company were exchanged, compared to its average volume of 56,750. Future FinTech Group has a 1 year low of $1.01 and a 1 year high of $5.20. The firm has a fifty day moving average of $2.05 and a 200 day moving average of $1.85. The firm has a market cap of $27.20 million, a PE ratio of -0.09 and a beta of 1.46.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on FTFT shares. Wall Street Zen upgraded Future FinTech Group to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Future FinTech Group presently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Future FinTech Group
An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd purchased a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.75% of Future FinTech Group at the end of the most recent reporting period. 0.19% of the stock is currently owned by institutional investors and hedge funds.
Future FinTech Group Company Profile
Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.
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