Freight Technologies (NASDAQ:FRGT) Shares Up 2.5% – Here’s Why

Shares of Freight Technologies, Inc. (NASDAQ:FRGT) rose 2.5% during mid-day trading on Wednesday . The company traded as high as $2.04 and last traded at $2.04. Approximately 44,142 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 440,130 shares. The stock had previously closed at $1.99.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Freight Technologies to a “sell” rating in a research note on Friday, May 30th.

Freight Technologies Trading Up 2.5%

The business’s fifty day moving average price is $3.59 and its 200 day moving average price is $4.97.

Freight Technologies (NASDAQ:FRGT) last announced its earnings results on Friday, May 16th. The company reported ($2.92) earnings per share (EPS) for the quarter. The company had revenue of $4.10 million for the quarter.

About Freight Technologies

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.