BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shares fell 5% on Friday . The company traded as low as $3.80 and last traded at $3.98. 64,137 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 216,535 shares. The stock had previously closed at $4.19.
BitFuFu Price Performance
The company has a debt-to-equity ratio of 0.87, a current ratio of 3.41 and a quick ratio of 3.40. The business's fifty day simple moving average is $4.39 and its two-hundred day simple moving average is $4.14.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $129.42 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC bought a new position in shares of BitFuFu Inc. (NASDAQ:FUFU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,500 shares of the company's stock, valued at approximately $82,000. MMCAP International Inc. SPC owned approximately 0.38% of BitFuFu as of its most recent SEC filing. 37.26% of the stock is owned by institutional investors and hedge funds.
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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