BitFuFu (NASDAQ:FUFU) Shares Gap Up to $4.04

BitFuFu Inc. (NASDAQ:FUFU) gapped up prior to trading on Tuesday . The stock had previously closed at $4.04, but opened at $4.22. BitFuFu shares last traded at $3.98, with a volume of 6,321 shares traded.

BitFuFu Price Performance

The stock has a 50 day moving average of $4.46 and a 200 day moving average of $4.15. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.41 and a quick ratio of 3.40.

BitFuFu (NASDAQ:FUFU) last issued 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

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC acquired a new position in shares of BitFuFu Inc. (NASDAQ:FUFU) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 37.26% of the stock is currently owned by institutional investors and hedge funds.

About BitFuFu

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.