Future FinTech Group (NASDAQ:FTFT) Issues Earnings Results

Future FinTech Group (NASDAQ:FTFT) issued its quarterly earnings results on Friday. The company reported ($1.26) earnings per share (EPS) for the quarter, Zacks reports. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%.

Future FinTech Group Trading Up 1.5%

Shares of NASDAQ FTFT traded up $0.01 during midday trading on Friday, reaching $0.83. The company’s stock had a trading volume of 68,797 shares, compared to its average volume of 182,484. The company has a 50 day moving average price of $1.99 and a 200 day moving average price of $4.40. Future FinTech Group has a one year low of $0.76 and a one year high of $62.08. The company has a market cap of $1.54 million, a price-to-earnings ratio of -0.07 and a beta of 1.89.

Institutional Trading of Future FinTech Group

An institutional investor recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd purchased a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.75% of Future FinTech Group as of its most recent filing with the Securities and Exchange Commission (SEC). 0.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Future FinTech Group has a consensus rating of “Sell”.

Future FinTech Group Company Profile

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.