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

Shares of BitFuFu Inc. (NASDAQ:FUFU) 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 trading hands.

BitFuFu Stock Down 3.5 %

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

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings data 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.

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 shares of BitFuFu Inc. (NASDAQ:FUFU) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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. 37.26% of the stock is 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.