Future FinTech Group (NASDAQ:FTFT) Releases Earnings Results

Future FinTech Group (NASDAQ:FTFT) posted its quarterly earnings data on Friday. The company reported ($0.33) EPS for the quarter, Zacks reports. The company had revenue of $1.33 million during the quarter.

Future FinTech Group Price Performance

FTFT stock traded down $0.03 during mid-day trading on Friday, reaching $1.35. 1,198,620 shares of the company traded hands, compared to its average volume of 56,750. The company has a fifty day moving average price of $2.05 and a 200-day moving average price of $1.85. Future FinTech Group has a 52-week low of $1.01 and a 52-week high of $5.20. The company has a market capitalization of $27.20 million, a P/E ratio of -0.09 and a beta of 1.46.

Analyst Ratings Changes

Several brokerages have issued reports on FTFT. Weiss Ratings restated a “sell (e+)” rating on shares of Future FinTech Group in a research note on Tuesday. Wall Street Zen raised Future FinTech Group to a “hold” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Future FinTech Group currently has an average rating of “Sell”.

Institutional Investors Weigh In On Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd acquired a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 and hedge funds.

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.