Future FinTech Group (NASDAQ:FTFT) Stock Rating Lowered by Wall Street Zen

Future FinTech Group (NASDAQ:FTFT) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Future FinTech Group in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Future FinTech Group Price Performance

NASDAQ FTFT opened at $3.29 on Friday. Future FinTech Group has a 12 month low of $1.22 and a 12 month high of $97.27. The company has a market capitalization of $28.52 million, a price-to-earnings ratio of -0.11 and a beta of 1.72. The company’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $13.64.

Future FinTech Group (NASDAQ:FTFT) last announced its quarterly earnings data on Friday, August 14th. The company reported ($5.04) earnings per share for the quarter. The company had revenue of $0.33 million for the quarter. Future FinTech Group had a negative return on equity of 12.22% and a negative net margin of 157.53%.

About Future FinTech Group

Future FinTech Group Inc (NASDAQ: FTFT) is a financial technology company focused on blockchain applications, digital assets and related online commerce services. The company develops and operates blockchain-based platforms intended to support e-commerce, digital payments and other financial technology activities.

Its businesses have included Chain Cloud Mall, an online shopping platform incorporating blockchain technology, as well as digital payment solutions, cryptocurrency mining and digital asset-related services.