BitFuFu (NASDAQ:FUFU) Shares Down 3%

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

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 stock has a 50-day moving average price of $4.50.

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

Institutional Investors Weigh In On BitFuFu

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