Future FinTech Group (NASDAQ:FTFT) Shares Set to Reverse Split on Tuesday, January 20th

Future FinTech Group Inc. (NASDAQ:FTFT) shares are set to reverse split on the morning of Tuesday, January 20th. The 1-4 reverse split was announced on Wednesday, January 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, January 19th.

Future FinTech Group Stock Performance

Shares of FTFT opened at $0.71 on Friday. The business’s 50-day moving average is $1.04 and its two-hundred day moving average is $1.73. The company has a market capitalization of $14.40 million, a P/E ratio of -0.05 and a beta of 1.28. Future FinTech Group has a fifty-two week low of $0.56 and a fifty-two week high of $5.00.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $1.33 million for the quarter. Future FinTech Group had a negative net margin of 1,038.07% and a negative return on equity of 303.80%.

Analyst Ratings Changes

FTFT has been the topic of several recent research reports. Wall Street Zen upgraded Future FinTech Group to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Future FinTech Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd purchased a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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 SEC. 0.19% of the stock is currently owned by hedge funds and other institutional investors.

About Future FinTech Group

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.