BitFuFu (NASDAQ:FUFU) Shares Gap Down to $4.07

Shares of BitFuFu Inc. (NASDAQ:FUFUGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.07, but opened at $3.21. BitFuFu shares last traded at $3.90, with a volume of 61,382 shares changing hands.

BitFuFu Stock Down 3.2 %

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 stock’s 50 day moving average price is $4.39.

BitFuFu (NASDAQ:FUFUGet Free Report) last posted its earnings results on Monday, May 20th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $144.41 million for the quarter.

Institutional Trading of 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:FUFUFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned 0.38% of BitFuFu at the end of the most recent reporting period. 37.26% of the stock is currently owned by institutional investors.

About BitFuFu

(Get Free Report)

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.

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