Dorsey Wright & Associates Buys Shares of 6,711 Future FinTech Group Inc. (NASDAQ:FTFT)
Dorsey Wright & Associates bought a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,711 shares of the company’s stock, valued at approximately $42,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hudson Bay Capital Management LP bought a new stake in Future FinTech Group during the 4th quarter valued at $1,726,000. Virtu Financial LLC bought a new stake in Future FinTech Group during the 4th quarter valued at $83,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Future FinTech Group during the 1st quarter valued at $414,000. 0.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ FTFT opened at $3.89 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.53 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $5.13 and its two-hundred day simple moving average is $4.22. Future FinTech Group Inc. has a 12-month low of $0.90 and a 12-month high of $11.29.
Future FinTech Group Profile
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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