Future FinTech Group (NASDAQ:FTFT) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Future FinTech Group (NASDAQ:FTFT) to a hold rating in a research note issued to investors on Friday.

Future FinTech Group Price Performance

Shares of NASDAQ:FTFT opened at $2.11 on Friday. The business’s 50 day simple moving average is $2.20 and its 200-day simple moving average is $1.76. Future FinTech Group has a 12 month low of $1.01 and a 12 month high of $5.70.

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

Institutional Investors Weigh In On Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd bought a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.75% of Future FinTech Group at the end of the most recent quarter. 0.19% of the stock is owned by 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.