Future FinTech Group (NASDAQ:FTFT) Shares Scheduled to Reverse Split on Monday, July 13th

Future FinTech Group Inc. (NASDAQ:FTFT)’s stock is set to reverse split on Monday, July 13th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

Future FinTech Group Price Performance

Future FinTech Group stock traded down $0.05 during mid-day trading on Thursday, reaching $0.48. 173,801 shares of the stock traded hands, compared to its average volume of 103,663. The stock has a market capitalization of $2.82 million, a PE ratio of -0.15 and a beta of 1.82. Future FinTech Group has a 12-month low of $0.45 and a 12-month high of $16.12. The business’s 50-day moving average is $0.99 and its 200-day moving average is $1.59.

Future FinTech Group (NASDAQ:FTFT) last posted its earnings results on Friday, May 15th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $0.21 million during the quarter. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd acquired a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.75% of Future FinTech Group at the end of the most recent reporting period. Institutional investors own 0.19% of the company’s stock.

About Future FinTech Group

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.