Freight Technologies (NASDAQ:FRGT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Freight Technologies (NASDAQ:FRGT) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Freight Technologies in a report on Monday, December 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Freight Technologies Trading Down 19.0%

Shares of FRGT stock opened at $2.43 on Friday. The stock has a market capitalization of $6.68 million, a price-to-earnings ratio of -0.84 and a beta of 1.13. Freight Technologies has a twelve month low of $2.17 and a twelve month high of $69.80. The stock has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $7.05.

Freight Technologies (NASDAQ:FRGT) last released its quarterly earnings data on Tuesday, December 9th. The company reported ($5.65) earnings per share for the quarter. The firm had revenue of $2.46 million during the quarter. Freight Technologies had a negative net margin of 40.28% and a negative return on equity of 73.48%.

Freight Technologies Company Profile

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.