Future Fintech Group (NASDAQ:FTFT) Shares Gap Up to $0.89

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Future Fintech Group Inc (NASDAQ:FTFT)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $0.61, but opened at $0.89. Future Fintech Group shares last traded at $0.80, with a volume of 12,408 shares changing hands.

The business’s 50-day moving average is $0.84 and its two-hundred day moving average is $1.10.

A hedge fund recently raised its stake in Future Fintech Group stock. Citadel Advisors LLC lifted its holdings in shares of Future Fintech Group Inc (NASDAQ:FTFT) by 103.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,973 shares of the company’s stock after buying an additional 13,745 shares during the period. Citadel Advisors LLC owned 0.09% of Future Fintech Group worth $33,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.32% of the company’s stock.

About Future Fintech Group (NASDAQ:FTFT)

Future FinTech Group Inc, through its subsidiaries, produces and sells fruit juice concentrates, fruit beverages, and other fruit-related products in the People's Republic of China. It offers fruit juice concentrates, including fruit purees, concentrated fruit purees, and concentrated fruit juices; fruit beverages, such as fruit juice and fruit cider beverages; and other fruit-related products comprising organic and non-organic fresh fruits, dried fruits, preserved fruits, and fructose.

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