Future Fintech Group Inc (NASDAQ:FTFT) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.94 and traded as low as $0.46. Future Fintech Group shares last traded at $0.48, with a volume of 39,804 shares trading hands.
The firm has a 50 day moving average of $0.60 and a 200-day moving average of $0.94.
A hedge fund recently raised its stake in Future Fintech Group stock. Citadel Advisors LLC grew its position in shares of Future Fintech Group Inc (NASDAQ:FTFT) by 103.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,973 shares of the company’s stock after purchasing an additional 13,745 shares during the period. Citadel Advisors LLC owned approximately 0.09% of Future Fintech Group worth $33,000 at the end of the most recent reporting period. 0.58% of the stock is 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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