Freight Technologies (NASDAQ:FRGT) Shares to Reverse Split on Friday, March 24th

Freight Technologies, Inc. (NASDAQ:FRGT – Get Rating)’s stock is going to reverse split on the morning of Friday, March 24th. The 1-10 reverse split was announced on Friday, March 24th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 24th.

Freight Technologies Trading Up 6.2 %

NASDAQ FRGT opened at $0.23 on Friday. Freight Technologies has a one year low of $0.18 and a one year high of $3.60. The stock has a 50-day moving average of $0.31 and a 200 day moving average of $0.49.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital reiterated a “buy” rating and issued a $2.00 price objective on shares of Freight Technologies in a report on Wednesday.

Institutional Investors Weigh In On Freight Technologies

An institutional investor recently bought a new position in Freight Technologies stock. Renaissance Technologies LLC purchased a new stake in shares of Freight Technologies, Inc. (NASDAQ:FRGT – Get Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,675 shares of the company’s stock, valued at approximately $57,000. Renaissance Technologies LLC owned 1.04% of Freight Technologies as of its most recent SEC filing. 5.24% of the stock is currently owned by institutional investors.

Freight Technologies Company Profile

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Freight Technologies, Inc develops and operates a cloud-based logistics management platform. Its products include a computerized platform that holds an online portal and a mobile App solution to provide third-party logistics services to companies actively involved in the freight transportation market, a Transport Management Solution for customers to manage their own fleet, and freight brokerage support and customer service.