BitFuFu (NASDAQ:FUFU) Trading Up 9% – What’s Next?

BitFuFu Inc. (NASDAQ:FUFU) shares were up 9% on Tuesday . The company traded as high as $5.65 and last traded at $5.34. Approximately 63,239 shares traded hands during trading, a decline of 68% from the average daily volume of 200,271 shares. The stock had previously closed at $4.90.

BitFuFu Price Performance

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 firm’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $4.13.

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

Hedge Funds Weigh In On BitFuFu

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC bought a new position in shares of BitFuFu Inc. (NASDAQ:FUFU) during the 1st quarter, according to its most recent filing with the 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 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.