Donald Quinby Buys 4,000 Shares of Freight Technologies, Inc. (NASDAQ:FRGT) Stock

Freight Technologies, Inc. (NASDAQ:FRGT) CFO Donald Quinby acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $2.60 per share, for a total transaction of $10,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 4,000 shares of the company’s stock, valued at $10,400. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Freight Technologies Stock Performance

Shares of NASDAQ FRGT opened at $2.35 on Thursday. The company’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $5.09. Freight Technologies, Inc. has a fifty-two week low of $2.05 and a fifty-two week high of $60.00.

Freight Technologies (NASDAQ:FRGT) last announced its quarterly earnings data on Friday, May 16th. The company reported ($2.92) earnings per share for the quarter. The company had revenue of $4.10 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Freight Technologies to a “sell” rating in a report on Friday, May 30th.

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.