BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s stock price traded down 4.2% during mid-day trading on Friday . The stock traded as low as $5.35 and last traded at $5.42. 7,848 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 195,939 shares. The stock had previously closed at $5.66.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $7.00 price objective on shares of BitFuFu in a research report on Monday, December 9th.
Check Out Our Latest Report on FUFU
BitFuFu Stock Performance
The company's fifty day simple moving average is $4.99 and its 200 day simple moving average is $4.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09.
Hedge Funds Weigh In On BitFuFu
Several institutional investors and hedge funds have recently made changes to their positions in FUFU. Wellington Management Group LLP bought a new position in BitFuFu during the third quarter worth about $110,000. XTX Topco Ltd acquired a new position in shares of BitFuFu during the 3rd quarter worth approximately $107,000. Finally, Jane Street Group LLC increased its holdings in shares of BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after purchasing an additional 1,984 shares during the period. Institutional investors and hedge funds own 37.26% of the company's stock.
BitFuFu Company Profile
(
Get Free Report)
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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