Wellington Management Group LLP Invests $110,000 in BitFuFu Inc. (NASDAQ:FUFU)

Wellington Management Group LLP acquired a new stake in BitFuFu Inc. (NASDAQ:FUFU) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 27,137 shares of the company’s stock, valued at approximately $110,000.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of BitFuFu in a research report on Monday, December 9th.

BitFuFu Price Performance

NASDAQ:FUFU opened at $4.84 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $4.67. BitFuFu Inc. has a 1-year low of $2.32 and a 1-year high of $18.32.

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.