BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) dropped 4.4% during mid-day trading on Friday . The company traded as low as $4.77 and last traded at $4.77. Approximately 4,976 shares changed hands during trading, a decline of 98% from the average daily volume of 201,818 shares. The stock had previously closed at $4.99.
BitFuFu Stock Performance
The company has a quick ratio of 3.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $4.38 and a 200 day moving average of $4.11.
BitFuFu (NASDAQ:FUFU - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $129.42 million during the quarter.
Hedge Funds Weigh In On BitFuFu
An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in BitFuFu Inc. (NASDAQ:FUFU - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 filing with the Securities and Exchange Commission. 37.26% of the stock is owned by 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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