BitFuFu (NASDAQ:FUFU) Trading 10.5% Higher

BitFuFu Inc. (NASDAQ:FUFU) shares shot up 10.5% on Monday . The company traded as high as $3.80 and last traded at $3.80. 15,986 shares were traded during mid-day trading, a decline of 93% from the average session volume of 226,298 shares. The stock had previously closed at $3.44.

BitFuFu Stock Performance

The company’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.18. 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 released 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 Trading of BitFuFu

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in BitFuFu Inc. (NASDAQ:FUFU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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. 37.26% of the stock is owned by institutional investors and hedge funds.

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.