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

Future FinTech Group Inc. (NASDAQ:FTFTFree Report)’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 Friday, July 10th.

Future FinTech Group Trading Up 2.1%

FTFT stock traded up $0.01 during midday trading on Friday, reaching $0.49. 45,769 shares of the company’s stock traded hands, compared to its average volume of 103,758. The stock’s 50-day moving average is $0.99 and its 200 day moving average is $1.59. The stock has a market cap of $2.88 million, a P/E ratio of -0.15 and a beta of 1.82. Future FinTech Group has a 52-week low of $0.45 and a 52-week high of $16.12.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on FTFT

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada bought a new stake in Future FinTech Group Inc. (NASDAQ:FTFTFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned about 0.79% of Future FinTech Group as of its most recent SEC filing. 0.19% of the stock is owned by hedge funds and other institutional investors.

About Future FinTech Group

(Get Free Report)

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.

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