Future FinTech Group (NASDAQ:FTFT) Releases Quarterly Earnings Results

Future FinTech Group (NASDAQ:FTFT) released its quarterly earnings results on Friday. The company reported ($1.26) earnings per share for the quarter, Zacks reports. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%.

Future FinTech Group Price Performance

Future FinTech Group stock traded up $0.01 during midday trading on Friday, reaching $0.83. The stock had a trading volume of 68,797 shares, compared to its average volume of 182,484. Future FinTech Group has a twelve month low of $0.76 and a twelve month high of $62.08. The firm has a market cap of $1.54 million, a price-to-earnings ratio of -0.07 and a beta of 1.89. The firm’s fifty day simple moving average is $1.99 and its two-hundred day simple moving average is $4.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Future FinTech Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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. Royal Bank of Canada bought a new position in Future FinTech Group Inc. (NASDAQ:FTFT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned 0.79% of Future FinTech Group as of its most recent SEC filing. 0.19% of the stock is currently owned by institutional investors and hedge funds.

Future FinTech Group Company Profile

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.