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

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

Future FinTech Group Stock Performance

NASDAQ:FTFT traded down $0.02 during trading on Friday, reaching $1.20. The company’s stock had a trading volume of 28,203 shares, compared to its average volume of 254,441. The firm has a market cap of $6.29 million, a price-to-earnings ratio of -0.02 and a beta of 1.84. The firm has a 50 day moving average of $1.36 and a 200-day moving average of $2.81. Future FinTech Group has a 12 month low of $1.00 and a 12 month high of $16.12.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd purchased a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.75% of Future FinTech Group at the end of the most recent reporting period. 0.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Future FinTech Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Future FinTech Group

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.