Future FinTech Group (NASDAQ:FTFT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Future FinTech Group Inc. (NASDAQ:FTFT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.77 and traded as high as $2.26. Future FinTech Group shares last traded at $2.08, with a volume of 104,648 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Future FinTech Group to a “hold” rating in a research note on Friday, September 26th.

Future FinTech Group Stock Performance

The business’s 50 day simple moving average is $2.16 and its two-hundred day simple moving average is $1.77.

Future FinTech Group (NASDAQ:FTFT) last announced its earnings results on Tuesday, August 19th. The company reported ($0.40) earnings per share for the quarter. The business had revenue of $0.61 million for the quarter.

Institutional Investors Weigh In On Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd acquired a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 hedge funds and other institutional investors.

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.