Freight Technologies (NASDAQ:FRGT) Rating Increased to Hold at Wall Street Zen

Freight Technologies (NASDAQ:FRGT) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Freight Technologies in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Freight Technologies Price Performance

Shares of NASDAQ:FRGT opened at $0.60 on Friday. Freight Technologies has a 1 year low of $0.60 and a 1 year high of $13.96. The firm has a market capitalization of $1.65 million, a PE ratio of -0.21 and a beta of 1.13. The business’s 50 day moving average price is $0.96 and its 200-day moving average price is $1.44.

Shares of Freight Technologies are going to reverse split before the market opens on Monday, December 15th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, December 14th.

Freight Technologies (NASDAQ:FRGT) last announced its quarterly earnings data on Tuesday, December 9th. The company reported ($1.13) EPS for the quarter. The company had revenue of $2.46 million for the quarter. Freight Technologies had a negative return on equity of 73.48% and a negative net margin of 40.28%.

Freight Technologies Company Profile

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.