Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) rose 7.4% on Friday . The stock traded as high as $5.77 and last traded at $5.69. Approximately 160,201 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 195,950 shares. The stock had previously closed at $5.30.
Analyst Ratings Changes
Separately, HC Wainwright initiated coverage on BitFuFu in a research note on Wednesday, November 6th. They issued a "buy" rating and a $7.00 target price on the stock.
Read Our Latest Stock Report on FUFU
BitFuFu Trading Up 13.0 %
The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $4.85 and a two-hundred day moving average of $4.54.
Institutional Trading of BitFuFu
A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in shares of BitFuFu in the third quarter valued at approximately $110,000. XTX Topco Ltd purchased a new stake in shares of BitFuFu in the third quarter valued at approximately $107,000. Finally, Jane Street Group LLC boosted its stake in shares of BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock valued at $65,000 after buying an additional 1,984 shares in the last quarter. 37.26% of the stock is currently owned by hedge funds and other institutional investors.
About BitFuFu
(
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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