FingerMotion (NASDAQ:FNGR) Trading 0.7% Higher – Still a Buy?

FingerMotion, Inc. (NASDAQ:FNGR)’s share price shot up 0.7% during mid-day trading on Tuesday . The company traded as high as $1.51 and last traded at $1.50. 162,108 shares were traded during mid-day trading, a decline of 21% from the average session volume of 205,682 shares. The stock had previously closed at $1.49.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of FingerMotion in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

FingerMotion Price Performance

The stock has a market cap of $91.55 million, a price-to-earnings ratio of -15.00 and a beta of -0.70. The company’s fifty day moving average price is $1.48 and its 200-day moving average price is $1.68.

FingerMotion (NASDAQ:FNGR) last released its earnings results on Tuesday, October 14th. The company reported ($0.03) EPS for the quarter. The company had revenue of $8.65 million during the quarter. FingerMotion had a negative return on equity of 39.03% and a negative net margin of 14.82%.

Hedge Funds Weigh In On FingerMotion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd lifted its position in FingerMotion by 75.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock worth $66,000 after acquiring an additional 17,836 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of FingerMotion by 143.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock valued at $95,000 after purchasing an additional 35,388 shares during the period. WINTON GROUP Ltd purchased a new position in shares of FingerMotion in the second quarter worth about $26,000. XTX Topco Ltd acquired a new stake in shares of FingerMotion during the second quarter worth about $42,000. Finally, Client 1ST Advisory Group LLC purchased a new stake in FingerMotion in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

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.