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

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

Future FinTech Group Stock Performance

Shares of NASDAQ:FTFT traded up $0.01 during midday trading on Friday, reaching $0.83. The company had a trading volume of 68,797 shares, compared to its average volume of 182,484. The company has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $4.40. The firm has a market cap of $1.54 million, a price-to-earnings ratio of -0.07 and a beta of 1.89. Future FinTech Group has a 1-year low of $0.76 and a 1-year high of $62.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Future FinTech Group

An institutional investor recently bought a new position 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 its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. 0.19% of the stock is owned by institutional investors.

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.