FingerMotion (NASDAQ:FNGR) Releases Quarterly Earnings Results

Key Points

• FingerMotion (NASDAQ:FNGR) reported a quarterly loss of ($0.03) per share, with a negative return on equity of 44.33% and a negative net margin of 15.31%.
• The company's stock closed at $1.68, with a 52-week trading range between $1.03 and $5.20.
• Analysts have expressed bearish sentiments, with Weiss Ratings and Wall Street Zen both issuing sell ratings for the stock.

FingerMotion (NASDAQ:FNGR - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. FingerMotion had a negative return on equity of 44.33% and a negative net margin of 15.31%.

FingerMotion Stock Performance

Shares of NASDAQ:FNGR traded down $0.05 on Tuesday, reaching $1.68. The company's stock had a trading volume of 71,367 shares, compared to its average volume of 429,480. FingerMotion has a 52-week low of $1.03 and a 52-week high of $5.20. The company has a market cap of $99.51 million, a P/E ratio of -16.75 and a beta of -0.86. The company has a 50-day simple moving average of $1.60 and a 200 day simple moving average of $2.02.

Hedge Funds Weigh In On FingerMotion

An institutional investor recently bought a new position in FingerMotion stock. XTX Topco Ltd bought a new stake in shares of FingerMotion, Inc. (NASDAQ:FNGR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,563 shares of the company's stock, valued at approximately $42,000. 3.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of FingerMotion in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of FingerMotion from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

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.

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