FingerMotion (NASDAQ:FNGR) Shares Up 3% – Should You Buy?

FingerMotion, Inc. (NASDAQ:FNGR) shot up 3% during trading on Monday . The company traded as high as $1.39 and last traded at $1.39. 100,139 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 282,452 shares. The stock had previously closed at $1.35.

FingerMotion Price Performance

The stock has a market capitalization of $79.43 million, a PE ratio of -13.90 and a beta of -0.74. The company’s 50 day moving average price is $1.24 and its two-hundred day moving average price is $1.70.

FingerMotion (NASDAQ:FNGR) last released its earnings results on Tuesday, January 14th. The company reported ($0.03) earnings per share for the quarter. FingerMotion had a negative return on equity of 51.57% and a negative net margin of 16.14%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd raised its position in shares of FingerMotion by 102.5% during the 3rd quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock valued at $73,000 after buying an additional 16,970 shares during the period. Bleakley Financial Group LLC grew its position in FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock worth $88,000 after acquiring an additional 22,000 shares during the period. Virtu Financial LLC increased its stake in FingerMotion by 66.6% during the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock worth $84,000 after acquiring an additional 15,360 shares during the last quarter. Finally, Anson Funds Management LP purchased a new stake in FingerMotion in the fourth quarter valued at $871,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

About FingerMotion

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.