BitFuFu (NASDAQ:FUFU) Trading Down 3%

BitFuFu Inc. (NASDAQ:FUFU)’s share price dropped 3% during trading on Wednesday . The company traded as low as $4.86 and last traded at $4.86. Approximately 2,356 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 259,458 shares. The stock had previously closed at $5.01.

BitFuFu Stock Performance

The company has a debt-to-equity ratio of 0.88, a current ratio of 2.93 and a quick ratio of 2.92. The company’s fifty day moving average is $4.50.

BitFuFu (NASDAQ:FUFU) last posted 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 acquired a new stake in shares of BitFuFu Inc. (NASDAQ:FUFU) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned about 0.38% of BitFuFu as of its most recent filing with the SEC. 37.26% of the stock is currently owned by institutional investors.

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.