Future FinTech Group (NASDAQ:FTFT) Stock Rating Upgraded by Wall Street Zen

Future FinTech Group (NASDAQ:FTFT) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Friday.

Future FinTech Group Stock Up 1.9%

Shares of FTFT stock opened at $2.11 on Friday. Future FinTech Group has a one year low of $1.01 and a one year high of $5.70. The company has a 50 day moving average price of $2.20 and a 200 day moving average price of $1.76.

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

Hedge Funds Weigh In On Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd bought a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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. Institutional investors own 0.19% of the company’s stock.

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.