Future FinTech Group (NASDAQ:FTFT) Stock Crosses Below 200-Day Moving Average of $0.79 – Ticker Report

   2022-06-22 11:06

Shares of Future FinTech Group Inc. (NASDAQ:FTFTGet Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.79 and traded as low as $0.39. Future FinTech Group shares last traded at $0.39, with a volume of 3,908 shares changing hands.

The firm has a fifty day moving average of $0.54 and a two-hundred day moving average of $0.79.

Future FinTech Group (NASDAQ:FTFTGet Rating) last announced its quarterly earnings results on Monday, May 16th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $3.47 million for the quarter. Future FinTech Group had a negative net margin of 54.39% and a negative return on equity of 17.26%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Future FinTech Group by 32.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 823,153 shares of the company’s stock worth $624,000 after buying an additional 201,095 shares during the last quarter. Millennium Management LLC purchased a new stake in Future FinTech Group in the fourth quarter worth $423,000. Bank of America Corp DE purchased a new stake in Future FinTech Group in the second quarter worth $106,000. Invesco Ltd. boosted its holdings in Future FinTech Group by 16.5% in the third quarter. Invesco Ltd. now owns 49,078 shares of the company’s stock valued at $103,000 after acquiring an additional 6,963 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Future FinTech Group by 6,754.4% in the 1st quarter. JPMorgan Chase & Co. now owns 89,382 shares of the company’s stock worth $68,000 after purchasing an additional 88,078 shares in the last quarter. 6.26% of the stock is owned by institutional investors and hedge funds.

Future FinTech Group Company Profile (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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