Freight Technologies (NASDAQ:FRGT) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Freight Technologies (NASDAQ:FRGT) to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Freight Technologies from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Freight Technologies Stock Down 9.9%

Shares of NASDAQ:FRGT opened at $1.00 on Friday. The business’s 50 day moving average is $7.75 and its 200 day moving average is $38.64. Freight Technologies has a 12-month low of $1.00 and a 12-month high of $512.50.

About Freight Technologies

Freight Technologies, Inc is a technology company that operates a digital freight-matching and logistics platform serving cross-border transportation markets in North America. Its platform is designed to connect shippers with carriers and help businesses arrange the movement of goods between Mexico, the United States and Canada.

The company’s Freight App provides tools for requesting freight quotes, booking transportation, tracking shipments and managing related logistics processes. By bringing shippers and transportation providers together through a digital platform, Freight Technologies seeks to improve visibility, efficiency and coordination in cross-border freight operations.

Freight Technologies focuses primarily on business-to-business freight transportation and logistics services.