BitFuFu (NASDAQ:FUFU) Trading Up 3.3%

BitFuFu Inc. (NASDAQ:FUFU)’s stock price traded up 3.3% on Thursday . The company traded as high as $4.58 and last traded at $4.41. 66,041 shares changed hands during trading, a decline of 74% from the average session volume of 251,928 shares. The stock had previously closed at $4.27.

BitFuFu Trading Down 4.2 %

The company has a current ratio of 2.93, a quick ratio of 2.92 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $4.66.

BitFuFu (NASDAQ:FUFU) last issued its earnings results on Tuesday, August 20th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $129.42 million for the quarter.

Hedge Funds Weigh In On BitFuFu

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC bought a new position in shares of BitFuFu Inc. (NASDAQ:FUFU) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned 0.38% of BitFuFu as of its most recent SEC filing. 37.26% of the stock is owned by hedge funds and other institutional investors.

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.