FingerMotion (NASDAQ:FNGR) Receives Sell (E+) Rating from Weiss Ratings

Key Points

• FingerMotion's stock has been rated "sell (E+)" by Weiss Ratings, and it also faces a downgrade from "hold" to "sell" by Wall Street Zen.
• The company reported a quarterly loss with an EPS of ($0.04) and a negative net margin of 15.31% for the last reported quarter.
• FingerMotion has seen recent institutional investment activity, with multiple hedge funds acquiring new stakes in the company, reflecting 3.90% institutional ownership of the stock.

FingerMotion (NASDAQ:FNGR - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of FingerMotion from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

FingerMotion Trading Up 17.5%

Shares of NASDAQ:FNGR opened at $2.01 on Wednesday. FingerMotion has a 12 month low of $1.03 and a 12 month high of $5.20. The company has a 50-day moving average price of $1.59 and a 200 day moving average price of $2.01. The company has a market cap of $119.41 million, a price-to-earnings ratio of -20.10 and a beta of -0.86.

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

Hedge Funds Weigh In On FingerMotion

A number of institutional investors have recently modified their holdings of FNGR. Kingsview Wealth Management LLC bought a new position in shares of FingerMotion during the first quarter valued at approximately $30,000. Client 1ST Advisory Group LLC acquired a new stake in FingerMotion in the second quarter valued at approximately $29,000. CW Advisors LLC acquired a new stake in FingerMotion in the first quarter valued at approximately $107,000. XTX Topco Ltd acquired a new stake in FingerMotion in the second quarter valued at approximately $42,000. Finally, WINTON GROUP Ltd acquired a new stake in FingerMotion in the second quarter valued at approximately $26,000. 3.90% of the stock is owned by hedge funds and other institutional investors.

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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