Future FinTech Group (NASDAQ:FTFT) Announces Earnings Results

Future FinTech Group (NASDAQ:FTFT) issued its quarterly earnings data on Tuesday. The company reported ($0.40) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $0.61 million during the quarter.

Future FinTech Group Stock Down 1.1%

Future FinTech Group stock opened at $1.81 on Thursday. The stock has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.78. Future FinTech Group has a 12-month low of $1.01 and a 12-month high of $5.70.

Hedge Funds 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 position in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 currently 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.