Future FinTech Group (NASDAQ:FTFT) Announces Earnings Results

Future FinTech Group (NASDAQ:FTFT) released its earnings results on Friday. The company reported ($0.25) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.21 million for the quarter. Future FinTech Group had a negative return on equity of 127.23% and a negative net margin of 120.63%.

Future FinTech Group Stock Performance

NASDAQ:FTFT opened at $1.20 on Friday. The firm’s 50-day moving average is $1.36 and its 200-day moving average is $2.81. Future FinTech Group has a 52-week low of $1.00 and a 52-week high of $16.12. The company has a market cap of $6.29 million, a price-to-earnings ratio of -0.02 and a beta of 1.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada acquired a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.19% of the company’s stock.

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.