Future Fintech Group (NASDAQ:FTFT) Share Price Crosses Above Two Hundred Day Moving Average of $0.76

Future Fintech Group Inc (NASDAQ:FTFT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.76 and traded as high as $0.91. Future Fintech Group shares last traded at $0.91, with a volume of 369 shares changing hands.

The stock has a 50-day moving average of $0.74 and a 200 day moving average of $0.75.

An institutional investor recently raised its position in Future Fintech Group stock. Wedbush Securities Inc. boosted its holdings in shares of Future Fintech Group Inc (NASDAQ:FTFT) by 95.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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. 0.70% of the stock is owned by institutional investors and hedge funds.

About Future Fintech Group (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.

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