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

Future FinTech Group (NASDAQ:FTFT) announced its earnings results on Friday. The company reported ($0.25) earnings per share for the quarter, FiscalAI reports. Future FinTech Group had a negative net margin of 120.63% and a negative return on equity of 127.23%. The business had revenue of $0.21 million for the quarter.

Future FinTech Group Trading Down 1.6%

FTFT opened at $1.20 on Friday. The stock has a market cap of $6.29 million, a PE ratio of -0.02 and a beta of 1.84. Future FinTech Group has a 1 year low of $1.00 and a 1 year high of $16.12. The stock’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $2.81.

Institutional Trading of Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. Royal Bank of Canada acquired a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned 0.79% of Future FinTech Group at the end of the most recent quarter. 0.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Future FinTech Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Future FinTech Group

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.