FingerMotion (NASDAQ:FNGR) Trading 3.6% Higher – Still a Buy?

Shares of FingerMotion, Inc. (NASDAQ:FNGR) were up 3.6% on Monday . The company traded as high as $1.43 and last traded at $1.43. Approximately 142,973 shares traded hands during trading, a decline of 41% from the average daily volume of 244,201 shares. The stock had previously closed at $1.38.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FingerMotion in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, FingerMotion presently has an average rating of “Sell”.

FingerMotion Price Performance

The firm has a market capitalization of $87.27 million, a P/E ratio of -14.30 and a beta of -0.63. The company has a fifty day moving average of $1.55 and a 200 day moving average of $1.96.

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

Institutional Trading of FingerMotion

A number of institutional investors have recently bought and sold shares of the company. CW Advisors LLC acquired a new stake in FingerMotion during the 1st quarter worth about $107,000. Client 1ST Advisory Group LLC acquired a new position in shares of FingerMotion in the 2nd quarter valued at about $29,000. XTX Topco Ltd bought a new stake in shares of FingerMotion during the 2nd quarter valued at about $42,000. WINTON GROUP Ltd bought a new stake in shares of FingerMotion during the 2nd quarter valued at about $26,000. Finally, Envestnet Asset Management Inc. grew its stake in FingerMotion by 143.6% during the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock worth $95,000 after purchasing an additional 35,388 shares during the period. Institutional investors own 3.90% of the company’s stock.

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.