Future FinTech Group (NASDAQ:FTFT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Future FinTech Group Inc. (NASDAQ:FTFT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.76 and traded as high as $2.24. Future FinTech Group shares last traded at $2.24, with a volume of 40,365 shares trading hands.

Future FinTech Group Price Performance

The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $2.07 and its two-hundred day moving average is $1.76.

Future FinTech Group (NASDAQ:FTFT) last posted its quarterly earnings data on Tuesday, August 19th. The company reported ($0.40) earnings per share for the quarter. The company had revenue of $0.61 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd acquired a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 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.

About Future FinTech Group

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.