Freight Technologies (NASDAQ:FRGT) Stock Price Up 1.5% – What’s Next?

Freight Technologies, Inc. (NASDAQ:FRGT) was up 1.5% during trading on Monday . The stock traded as high as $1.42 and last traded at $1.38. Approximately 55,897 shares traded hands during trading, a decline of 74% from the average daily volume of 219,100 shares. The stock had previously closed at $1.36.

Freight Technologies Price Performance

The business’s 50 day moving average is $1.48 and its two-hundred day moving average is $0.76.

Hedge Funds Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC purchased a new position in Freight Technologies, Inc. (NASDAQ:FRGT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,117 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 1.19% of Freight Technologies as of its most recent SEC filing. Institutional investors own 6.24% of the company’s stock.

Freight Technologies Company Profile

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.