Future Fintech Group (NASDAQ:FTFT) Stock Price Crosses Below 200-Day Moving Average of $0.94

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 Company Profile (NASDAQ:FTFT)

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.

Further Reading: How to execute a trade ex-dividend strategy?

Receive News & Ratings for Future Fintech Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Future Fintech Group and related companies with MarketBeat.com's FREE daily email newsletter.