Future FinTech Group (NASDAQ:FTFT) Stock Rating Raised to Sell at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Future FinTech Group Stock Performance

Shares of NASDAQ:FTFT opened at $4.38 on Friday. The firm has a market capitalization of $41.08 million, a PE ratio of -0.15 and a beta of 1.80. Future FinTech Group has a 52-week low of $1.22 and a 52-week high of $154.88. The firm has a fifty day moving average of $3.63 and a 200 day moving average of $12.71.

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

Future FinTech Group Company Profile

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.