BitFuFu (NASDAQ:FUFU) Stock Price Down 5%

BitFuFu Inc. (NASDAQ:FUFU)’s stock price fell 5% during mid-day trading on Monday . The stock traded as low as $4.76 and last traded at $4.80. 3,615 shares were traded during trading, a decline of 98% from the average session volume of 229,289 shares. The stock had previously closed at $5.05.

BitFuFu Stock Down 2.3 %

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 firm’s 50 day simple moving average is $4.59.

BitFuFu (NASDAQ:FUFU) 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 during the quarter.

Institutional Investors Weigh In On 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) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned about 0.38% of BitFuFu at the end of the most recent reporting period. Hedge funds and other institutional investors own 37.26% of the company’s stock.

BitFuFu Company Profile

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.