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

by · The Cerbat Gem

Wall Street Zen upgraded shares of Future FinTech Group (NASDAQ:FTFT – Free Report) to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Analysis on FTFT

Future FinTech Group Stock Performance

Future FinTech Group stock opened at $4.19 on Friday. The business’s 50-day simple moving average is $3.60 and its two-hundred day simple moving average is $12.51. The company has a market cap of $39.30 million, a PE ratio of -0.14 and a beta of 1.80. Future FinTech Group has a fifty-two week low of $1.22 and a fifty-two week high of $154.88.

Future FinTech Group (NASDAQ:FTFT – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($5.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.33 million during the quarter. Future FinTech Group had a negative return on equity of 12.22% and a negative net margin of 157.53%.

Future FinTech Group Company Profile

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Future FinTech Group Inc (NASDAQ: FTFT) is a financial technology company focused on blockchain, digital assets and related financial services. The company has developed and operated blockchain-based platforms, digital payment solutions and cryptocurrency-related businesses.

Its activities have included Chain Cloud Mall, an online shopping platform that uses blockchain technology, as well as cryptocurrency mining and digital-asset services. The company has also pursued opportunities in fintech, including cross-border payment and other technology-enabled financial solutions.

Future FinTech was formerly known as Future Biotechnology Inc and historically operated in the fruit juice business before shifting its strategy toward blockchain and financial technology.

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