Future FinTech Group (NASDAQ:FTFT) Stock Set to Reverse Split on Tuesday, January 20th

Future FinTech Group Inc. (NASDAQ:FTFT) shares are set to reverse split on Tuesday, January 20th. The 1-4 reverse split was announced on Wednesday, January 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, January 19th.

Future FinTech Group Stock Up 3.3%

FTFT opened at $0.71 on Friday. Future FinTech Group has a 52 week low of $0.56 and a 52 week high of $5.00. The business has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $1.73. The firm has a market cap of $14.40 million, a P/E ratio of -0.05 and a beta of 1.28.

Future FinTech Group (NASDAQ:FTFT) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.33) earnings per share (EPS) for the quarter. Future FinTech Group had a negative net margin of 1,038.07% and a negative return on equity of 303.80%. The firm had revenue of $1.33 million during the quarter.

Wall Street Analysts Forecast Growth

FTFT has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Future FinTech Group in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Future FinTech Group to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Future FinTech Group currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd acquired a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.75% 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.

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.