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 FingerMotion stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $1.68, for a total value of $17,710.56. Following the transaction, the chief financial officer owned 480,000 shares in the company, valued at approximately $806,400. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, 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 value of $4,600.00.
• On Wednesday, July 23rd, Yew Hon Lee sold 2,000 shares of FingerMotion stock. The shares were sold at an average price of $1.60, for a total value of $3,200.00.

FingerMotion Stock Performance

Shares of NASDAQ FNGR traded down $0.23 during trading on Tuesday, reaching $1.86. The stock had a trading volume of 859,959 shares, compared to its average volume of 491,782. FingerMotion, Inc. has a fifty-two week low of $1.03 and a fifty-two week high of $5.20. The company has a market cap of $110.50 million, a P/E ratio of -18.60 and a beta of -0.84. The business's 50-day moving average price is $2.34 and its 200-day moving average price is $1.90.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNGR. Anson Funds Management LP purchased a new position in shares of FingerMotion in the 4th quarter valued at about $871,000. CW Advisors LLC purchased a new position in shares of FingerMotion in the 1st quarter valued at about $107,000. Kingsview Wealth Management LLC purchased a new position in shares of FingerMotion in the 1st quarter valued at about $30,000. Client 1ST Advisory Group LLC purchased a new position in shares of FingerMotion in the 2nd quarter valued at about $29,000. Finally, Virtu Financial LLC boosted its position in shares of FingerMotion by 34.5% in the 4th quarter. Virtu Financial LLC now owns 51,694 shares of the company's stock valued at $62,000 after purchasing an additional 13,255 shares during the period. 3.90% of the stock is owned by institutional investors and hedge funds.

FingerMotion Company Profile

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.

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