BitFuFu (NASDAQ:FUFU) Shares Gap Down – Time to Sell?

BitFuFu Inc. (NASDAQ:FUFU) gapped down before the market opened 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 traded.

BitFuFu Stock Up 1.5 %

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 firm’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $4.09.

BitFuFu (NASDAQ:FUFU) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share 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 stake in shares of BitFuFu Inc. (NASDAQ:FUFU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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. 37.26% of the stock is owned by hedge funds and other 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.