FingerMotion (NASDAQ:FNGR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.
FingerMotion Stock Down 1.2%
Shares of FNGR stock traded down $0.02 during trading on Friday, reaching $1.63. 347,577 shares of the company's stock were exchanged, compared to its average volume of 373,217. The firm's fifty day moving average price is $2.64 and its 200-day moving average price is $1.87. FingerMotion has a twelve month low of $1.03 and a twelve month high of $5.20.
FingerMotion (NASDAQ:FNGR - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported ($0.04) EPS for the quarter. The business had revenue of $8.46 million during the quarter. FingerMotion had a negative net margin of 15.31% and a negative return on equity of 44.33%.
Institutional Investors Weigh In On FingerMotion
A number of hedge funds and other institutional investors have recently bought and sold shares of FNGR. Client 1ST Advisory Group LLC acquired a new stake in shares of FingerMotion in the second quarter valued at about $29,000. Kingsview Wealth Management LLC bought a new stake in shares of FingerMotion during the first quarter valued at approximately $30,000. Virtu Financial LLC raised its holdings in 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 buying an additional 13,255 shares during the last quarter. CW Advisors LLC acquired a new stake in shares of FingerMotion in the 1st quarter worth about $107,000. Finally, Anson Funds Management LP purchased a new stake in shares of FingerMotion in the fourth quarter worth approximately $871,000. Institutional investors own 3.90% of the company's stock.
About FingerMotion
(
Get Free Report)
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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