BitFuFu (NASDAQ:FUFU) Stock Price Down 5%

BitFuFu Inc. (NASDAQ:FUFU) dropped 5% on Monday . The stock traded as low as $4.76 and last traded at $4.80. Approximately 3,615 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 229,289 shares. The stock had previously closed at $5.05.

BitFuFu Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.40 and a current ratio of 3.41. The company’s 50 day moving average price is $4.60.

BitFuFu (NASDAQ:FUFU) last posted its quarterly earnings results 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 Inflows and Outflows

A hedge fund recently bought a new stake in BitFuFu stock. MMCAP International Inc. SPC purchased a new position in BitFuFu Inc. (NASDAQ:FUFU) in the 1st quarter, according to the company in its most recent Form 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 approximately 0.38% of BitFuFu as of its most recent SEC filing. 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.