Fast Track Group (NASDAQ:FTRK) Shares Down 8.6% – Here’s Why

Fast Track Group (NASDAQ:FTRK)’s share price traded down 8.6% during mid-day trading on Wednesday . The company traded as low as $0.3506 and last traded at $0.3506. 31,583 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 25,928 shares. The stock had previously closed at $0.3834.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Fast Track Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Fast Track Group Trading Down 2.2%

The firm’s 50 day moving average is $0.49 and its two-hundred day moving average is $0.57.

Fast Track Group (NASDAQ:FTRK) last announced its earnings results on Tuesday, January 13th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.47 million for the quarter.

Institutional Investors Weigh In On Fast Track Group

A hedge fund recently bought a new stake in Fast Track Group stock. Citadel Advisors LLC bought a new position in shares of Fast Track Group (NASDAQ:FTRK) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 92,086 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned 0.42% of Fast Track Group as of its most recent SEC filing.

About Fast Track Group

Fast Track Events Pte. Ltd. was incorporated as an exempt private company limited by shares in Singapore on March 8, 2012 as an operating company of our businesses. We are a regional entertainment-focused event management and marketing company that provides a full range of services including experiential marketing, artiste endorsement and management, movie premiere organizations, grand openings and concerts. In addition to our expertise in event and concert management, we offer comprehensive value-added services tailored to meet specific client demands.