Future FinTech Group (NASDAQ:FTFT) Upgraded at Wall Street Zen

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

Future FinTech Group Stock Up 1.9%

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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd bought a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.75% of Future FinTech Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.19% of the company’s stock.

About Future FinTech Group

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.