FingerMotion (NASDAQ:FNGR) Trading Down 3.2% – Here’s What Happened

FingerMotion, Inc. (NASDAQ:FNGR)’s share price was down 3.2% during trading on Tuesday . The company traded as low as $3.93 and last traded at $3.95. Approximately 643,908 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 361,247 shares. The stock had previously closed at $4.08.

FingerMotion Stock Down 3.2%

The stock has a 50 day moving average of $2.33 and a 200 day moving average of $1.77. The company has a market capitalization of $225.71 million, a price-to-earnings ratio of -39.50 and a beta of -0.85.

Hedge Funds Weigh In On FingerMotion

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anson Funds Management LP acquired a new position in shares of FingerMotion in the fourth quarter worth approximately $871,000. Bleakley Financial Group LLC lifted its stake 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 worth $88,000 after acquiring an additional 22,000 shares during the period. CW Advisors LLC acquired a new position in shares of FingerMotion in the first quarter worth approximately $107,000. Virtu Financial LLC lifted its stake in shares of FingerMotion by 34.5% in the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock worth $62,000 after acquiring an additional 13,255 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in FingerMotion in the first quarter valued at approximately $30,000. 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.