Future Fintech Group (NASDAQ:FTFT) Stock Crosses Below 200-Day Moving Average of $0.79
Future Fintech Group Inc (NASDAQ:FTFT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.79 and traded as low as $0.77. Future Fintech Group shares last traded at $0.86, with a volume of 6,998 shares traded.
The company has a 50-day moving average of $0.55 and a two-hundred day moving average of $0.79.
An institutional investor recently raised its position in Future Fintech Group stock. Wedbush Securities Inc. grew its position in shares of Future Fintech Group Inc (NASDAQ:FTFT) by 95.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,300 shares of the company’s stock after acquiring an additional 40,664 shares during the quarter. Wedbush Securities Inc. owned about 0.25% of Future Fintech Group worth $37,000 at the end of the most recent quarter. 0.58% of the stock is currently owned by hedge funds and other institutional investors.
Future FinTech Group Inc, through its subsidiaries, produces and sells fruit juice concentrates, fruit beverages, and other fruit-related products in the People's Republic of China. It offers fruit juice concentrates, including fruit purees, concentrated fruit purees, and concentrated fruit juices; fruit beverages, such as fruit juice and fruit cider beverages; and other fruit-related products comprising organic and non-organic fresh fruits, dried fruits, preserved fruits, and fructose.
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