Future FinTech Group (NASDAQ:FTFT) Posts Quarterly Earnings Results

Future FinTech Group (NASDAQ:FTFT) released its earnings results on Friday. The company reported ($1.26) earnings per share (EPS) for the quarter, Zacks reports. Future FinTech Group had a negative return on equity of 13.08% and a negative net margin of 37.76%.The firm had revenue of $0.33 million during the quarter.

Future FinTech Group Stock Up 1.5%

Shares of Future FinTech Group stock opened at $0.83 on Friday. The stock’s fifty day moving average is $1.99 and its two-hundred day moving average is $4.40. The company has a market capitalization of $1.54 million, a PE ratio of -0.07 and a beta of 1.89. Future FinTech Group has a 52 week low of $0.76 and a 52 week high of $62.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd purchased a new position in Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.75% of Future FinTech Group at the end of the most recent quarter. Hedge funds and other institutional investors own 0.19% of the company’s stock.

Future FinTech Group Company Profile

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.