BitFuFu (NASDAQ:FUFU) Shares Down 1.8%

BitFuFu Inc. (NASDAQ:FUFU)’s share price traded down 1.8% during mid-day trading on Friday . The stock traded as low as $4.42 and last traded at $4.46. 1,732 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 250,556 shares. The stock had previously closed at $4.54.

BitFuFu Price Performance

The stock has a 50 day moving average price of $4.65. The company has a quick ratio of 2.92, a current ratio of 2.93 and a debt-to-equity ratio of 0.88.

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

Institutional Investors Weigh In On BitFuFu

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in shares of BitFuFu Inc. (NASDAQ:FUFU) in the first quarter, according to its most recent disclosure with the SEC. The firm 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 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.