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BitFuFu (NASDAQ:FUFU) Shares Gap Up - What's Next?

BitFuFu logo with Finance background

BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $3.97, but opened at $4.09. BitFuFu shares last traded at $4.01, with a volume of 7,274 shares trading hands.

BitFuFu Trading Up 15.9 %

The firm has a 50-day moving average of $4.35 and a 200 day moving average of $4.09. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.87.

BitFuFu (NASDAQ:FUFU - Get Free Report) last posted its earnings results on Tuesday, August 20th. The company reported $0.01 EPS for the quarter. The firm had revenue of $129.42 million for the quarter.

Institutional Trading of BitFuFu

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC acquired a new position in shares of BitFuFu Inc. (NASDAQ:FUFU - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,500 shares of the company's stock, valued at approximately $82,000. MMCAP International Inc. SPC owned about 0.38% of BitFuFu as of its most recent SEC filing. Institutional investors 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.

Further Reading

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