Future FinTech Group (NASDAQ:FTFT) Shares Up 32.6%

   2021-02-14 08:02

Future FinTech Group Inc. (NASDAQ:FTFT) shot up 32.6% during mid-day trading on Friday . The stock traded as high as $8.50 and last traded at $8.50. 39,645,020 shares traded hands during trading, an increase of 70% from the average session volume of 23,267,342 shares. The stock had previously closed at $6.41.



The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $4.87 and its 200-day moving average is $2.90.

A hedge fund recently bought a new stake in Future FinTech Group stock. Paloma Partners Management Co bought a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,923 shares of the company’s stock, valued at approximately $59,000. Paloma Partners Management Co owned approximately 0.06% of Future FinTech Group at the end of the most recent reporting period. 0.47% of the stock is currently owned by institutional investors.

About Future FinTech Group (NASDAQ:FTFT)

Future FinTech Group Inc, through its subsidiaries, operates a real-name block chain e-commerce platform that integrates block chain and internet technology in People’s Republic of China. It operates through CCM Shopping Mall Membership, Sales of Goods, and Others segments. The company offers Chain Cloud Mall (CCM), an enterprise customer interactive and comprehensive shopping and sales service platform; NONOGIRL, a cross-border e-commerce platform; and DCON, a block chain-based application incubator and a digital payment system.

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