Future Fintech Group (NASDAQ:FTFT) Stock Price Up 5.2%

Future Fintech Group Inc (NASDAQ:FTFT)’s share price rose 5.2% on Wednesday . The company traded as high as $0.79 and last traded at $0.74, approximately 284,820 shares were traded during mid-day trading. A decline of 25% from the average daily volume of 381,363 shares. The stock had previously closed at $0.70.

The stock’s 50 day moving average is $0.85 and its two-hundred day moving average is $1.10.

A hedge fund recently raised its stake in Future Fintech Group stock. Citadel Advisors LLC boosted its stake in Future Fintech Group Inc (NASDAQ:FTFT) by 103.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,973 shares of the company’s stock after buying an additional 13,745 shares during the quarter. Citadel Advisors LLC owned approximately 0.09% of Future Fintech Group worth $33,000 at the end of the most recent reporting period. 0.32% of the stock is currently owned by hedge funds and other institutional investors.

About Future Fintech Group (NASDAQ:FTFT)

Future FinTech Group Inc, through its subsidiaries, produces and sells fruit juice concentrates, fruit beverages, and other fruit-related products in the People’s Republic of China. It offers fruit juice concentrates, including fruit purees, concentrated fruit purees, and concentrated fruit juices; fruit beverages, such as fruit juice and fruit cider beverages; and other fruit-related products comprising organic and non-organic fresh fruits, dried fruits, preserved fruits, and fructose.

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