Freight Technologies (NASDAQ:FRGT) Rating Lowered to “Strong Sell” at Wall Street Zen

Freight Technologies (NASDAQ:FRGT) was downgraded by investment analysts at Wall Street Zen to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Freight Technologies from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Freight Technologies Price Performance

Shares of NASDAQ:FRGT opened at $1.11 on Friday. The business’s fifty day moving average price is $7.60 and its two-hundred day moving average price is $27.43. Freight Technologies has a fifty-two week low of $1.11 and a fifty-two week high of $512.50. The stock has a market capitalization of $1.86 million, a price-to-earnings ratio of -0.01 and a beta of 1.19.

About Freight Technologies

Freight Technologies, Inc is a technology company that operates a digital freight-matching and logistics platform serving cross-border transportation markets in North America. Its platform is designed to connect shippers with carriers and help businesses arrange the movement of goods between Mexico, the United States and Canada.

The company’s Freight App provides tools for requesting freight quotes, booking transportation, tracking shipments and managing related logistics processes. By bringing shippers and transportation providers together through a digital platform, Freight Technologies seeks to improve visibility, efficiency and coordination in cross-border freight operations.

Freight Technologies focuses primarily on business-to-business freight transportation and logistics services.