BitFuFu (NASDAQ:FUFU) Trading 7.9% Higher

BitFuFu Inc. (NASDAQ:FUFU)’s share price was up 7.9% during mid-day trading on Thursday . The stock traded as high as $4.68 and last traded at $4.64. Approximately 25,157 shares were traded during trading, a decline of 90% from the average daily volume of 244,609 shares. The stock had previously closed at $4.30.

BitFuFu Trading Down 5.6 %

The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.92 and a current ratio of 2.93. The business has a 50 day simple moving average of $4.69.

BitFuFu (NASDAQ:FUFU) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $129.42 million for 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 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned approximately 0.38% of BitFuFu at the end of the most recent reporting period. 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.