FingerMotion (NASDAQ:FNGR) Trading 3% Higher – Here’s What Happened

FingerMotion, Inc. (NASDAQ:FNGR) traded up 3% during mid-day trading on Monday . The stock traded as high as $1.39 and last traded at $1.39. 100,139 shares changed hands during trading, a decline of 65% from the average session volume of 282,452 shares. The stock had previously closed at $1.35.

FingerMotion Price Performance

The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $1.69. The stock has a market capitalization of $86.28 million, a P/E ratio of -15.10 and a beta of -0.74.

FingerMotion (NASDAQ:FNGR) last posted its quarterly earnings results on Tuesday, January 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative return on equity of 51.57% and a negative net margin of 16.14%.

Institutional Trading of FingerMotion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its position in FingerMotion by 102.5% during the third quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock worth $73,000 after acquiring an additional 16,970 shares in the last quarter. Virtu Financial LLC raised its position in shares of FingerMotion by 66.6% in the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock valued at $84,000 after purchasing an additional 15,360 shares during the period. Bleakley Financial Group LLC raised its position in shares of FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock valued at $88,000 after purchasing an additional 22,000 shares during the period. Finally, Anson Funds Management LP bought a new position in shares of FingerMotion in the fourth quarter valued at about $871,000. 3.90% of the stock is owned by 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.