Future FinTech Group (NASDAQ:FTFT) Stock Rating Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Future FinTech Group (NASDAQ:FTFT) from a sell rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Future FinTech Group in a report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Future FinTech Group has an average rating of “Sell”.

Future FinTech Group Price Performance

FTFT stock opened at $3.29 on Friday. The company has a 50 day moving average price of $3.26 and a 200 day moving average price of $13.64. Future FinTech Group has a fifty-two week low of $1.22 and a fifty-two week high of $97.27. The stock has a market capitalization of $28.52 million, a PE ratio of -0.11 and a beta of 1.72.

Future FinTech Group (NASDAQ:FTFT) last issued its quarterly earnings results on Friday, August 14th. The company reported ($5.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.33 million for 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 applications, digital assets and related online commerce services. The company develops and operates blockchain-based platforms intended to support e-commerce, digital payments and other financial technology activities.

Its businesses have included Chain Cloud Mall, an online shopping platform incorporating blockchain technology, as well as digital payment solutions, cryptocurrency mining and digital asset-related services.