BitFuFu (NASDAQ:FUFU) Stock Price Up 12.1%

BitFuFu Inc. (NASDAQ:FUFU) rose 12.1% on Thursday . The stock traded as high as $4.38 and last traded at $4.27. Approximately 34,115 shares were traded during trading, a decline of 87% from the average daily volume of 266,416 shares. The stock had previously closed at $3.81.

BitFuFu Price Performance

The stock’s 50-day simple moving average is $4.45. The company has a current ratio of 2.93, a quick ratio of 2.92 and a debt-to-equity ratio of 0.88.

BitFuFu (NASDAQ:FUFU) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $144.41 million during the quarter.

Hedge Funds Weigh In On BitFuFu

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC bought a new position in BitFuFu Inc. (NASDAQ:FUFU) during the first quarter, according to its most recent disclosure with the SEC. 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 filing with the SEC. Hedge funds and other institutional investors own 37.26% of the company’s stock.

About BitFuFu

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.