BitFuFu (NASDAQ:FUFU) Trading Down 9.3%

Shares of BitFuFu Inc. (NASDAQ:FUFU) dropped 9.3% during mid-day trading on Wednesday . The company traded as low as $3.61 and last traded at $3.63. Approximately 59,838 shares were traded during trading, a decline of 78% from the average daily volume of 268,165 shares. The stock had previously closed at $4.00.

BitFuFu Stock Performance

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 firm’s 50 day moving average is $4.40.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC bought a new stake in BitFuFu Inc. (NASDAQ:FUFU) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned approximately 0.38% of BitFuFu as of its most recent filing with the Securities and Exchange Commission (SEC). 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.