BitFuFu (NASDAQ:FUFU) Shares Gap Down – What’s Next?

BitFuFu Inc. (NASDAQ:FUFU)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.60, but opened at $4.45. BitFuFu shares last traded at $4.59, with a volume of 1,100 shares changing hands.

BitFuFu Trading Down 3.5 %

The company has a debt-to-equity ratio of 0.87, a current ratio of 3.41 and a quick ratio of 3.40. The company has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.09.

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

Hedge Funds Weigh In On BitFuFu

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in shares of BitFuFu Inc. (NASDAQ:FUFU) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned about 0.38% of BitFuFu at the end of the most recent reporting period. Hedge funds and other institutional investors own 37.26% of the company’s stock.

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.