FingerMotion, Inc. (NASDAQ:FNGR) CFO Yew Hon Lee Sells 10,542 Shares

Key Points

• Yew Hon Lee, CFO of FingerMotion, sold 10,542 shares of the company at an average price of $1.68, reducing his ownership by 2.15%.
• The company's latest earnings report revealed a loss of ($0.04) EPS, with a negative return on equity of 44.33% and revenue of $8.46 million.
• Multiple institutional investors have recently bought shares of FingerMotion, indicating increased interest with firms such as Anson Funds Management and CW Advisors entering with significant investments.

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) CFO Yew Hon Lee sold 10,542 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1.68, for a total transaction of $17,710.56. Following the transaction, the chief financial officer directly owned 480,000 shares of the company's stock, valued at approximately $806,400. This trade represents a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yew Hon Lee also recently made the following trade(s):

• On Monday, July 28th, Yew Hon Lee sold 2,000 shares of FingerMotion stock. The stock was sold at an average price of $2.30, for a total transaction of $4,600.00.
• On Wednesday, July 23rd, Yew Hon Lee sold 2,000 shares of FingerMotion stock. The stock was sold at an average price of $1.60, for a total transaction of $3,200.00.

FingerMotion Trading Down 3.1%

FNGR traded down $0.05 on Friday, reaching $1.57. The stock had a trading volume of 242,909 shares, compared to its average volume of 553,851. FingerMotion, Inc. has a 12-month low of $1.03 and a 12-month high of $5.20. The business's 50-day moving average price is $2.16 and its two-hundred day moving average price is $1.90. The company has a market cap of $93.27 million, a P/E ratio of -15.70 and a beta of -0.86.

FingerMotion (NASDAQ:FNGR - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported ($0.04) earnings per share for the quarter. FingerMotion had a negative net margin of 15.31% and a negative return on equity of 44.33%. The firm had revenue of $8.46 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of FingerMotion from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

Institutional Trading of FingerMotion

A number of institutional investors and hedge funds have recently modified their holdings of FNGR. Anson Funds Management LP purchased a new stake in shares of FingerMotion during the fourth quarter worth about $871,000. CW Advisors LLC purchased a new stake in shares of FingerMotion during the first quarter worth about $107,000. Kingsview Wealth Management LLC purchased a new stake in shares of FingerMotion during the first quarter worth about $30,000. Client 1ST Advisory Group LLC purchased a new stake in shares of FingerMotion during the second quarter worth about $29,000. Finally, Virtu Financial LLC increased its stake in shares of FingerMotion by 34.5% during the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company's stock worth $62,000 after purchasing an additional 13,255 shares in the last quarter. Hedge funds and other institutional investors own 3.90% of the company's stock.

About FingerMotion

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.