Wall Street Zen Upgrades Future FinTech Group (NASDAQ:FTFT) to “Sell”

Future FinTech Group (NASDAQ:FTFT) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Future FinTech Group currently has a consensus rating of “Sell”.

Future FinTech Group Price Performance

Future FinTech Group stock opened at $4.38 on Friday. The stock has a market cap of $41.08 million, a PE ratio of -0.15 and a beta of 1.80. The business’s 50-day moving average price is $3.63 and its two-hundred day moving average price is $12.64. Future FinTech Group has a 12-month low of $1.22 and a 12-month high of $154.88.

Future FinTech Group (NASDAQ:FTFT) last posted its earnings results on Friday, August 14th. The company reported ($5.04) EPS for the quarter. The firm had revenue of $0.33 million during the quarter. Future FinTech Group had a negative net margin of 157.53% and a negative return on equity of 12.22%.

Future FinTech Group Company Profile

Future FinTech Group Inc (NASDAQ: FTFT) is a financial technology company focused on blockchain, digital assets and related financial services. The company has developed and operated blockchain-based platforms, digital payment solutions and cryptocurrency-related businesses.

Its activities have included Chain Cloud Mall, an online shopping platform that uses blockchain technology, as well as cryptocurrency mining and digital-asset services. The company has also pursued opportunities in fintech, including cross-border payment and other technology-enabled financial solutions.

Future FinTech was formerly known as Future Biotechnology Inc and historically operated in the fruit juice business before shifting its strategy toward blockchain and financial technology.