Future Fintech Group (NASDAQ:FTFT) Shares Gap Up to $0.89

Future Fintech Group Inc (NASDAQ:FTFT) gapped up prior to trading on Friday . The stock had previously closed at $0.61, but opened at $0.89. Future Fintech Group shares last traded at $0.80, with a volume of 12,408 shares changing hands.

The stock’s 50-day moving average is $0.84 and its 200 day moving average is $1.10.

An institutional investor recently raised its position in Future Fintech Group stock. Citadel Advisors LLC lifted 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 (SEC). The fund owned 26,973 shares of the company’s stock after buying an additional 13,745 shares during the period. Citadel Advisors LLC owned approximately 0.09% of Future Fintech Group worth $33,000 at the end of the most recent quarter. Institutional investors own 0.32% of the company’s stock.

Future Fintech Group Company Profile (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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