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

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

FingerMotion Stock Up 6.7 %

The company has a market cap of $86.28 million, a price-to-earnings ratio of -15.10 and a beta of -0.74. The company’s fifty day moving average price is $1.25 and its two-hundred day moving average price is $1.69.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FNGR. Anson Funds Management LP acquired a new position in FingerMotion during the fourth quarter worth $871,000. Bleakley Financial Group LLC boosted its holdings in FingerMotion by 43.1% during the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock worth $88,000 after purchasing an additional 22,000 shares during the last quarter. XTX Topco Ltd boosted its holdings 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 purchasing an additional 16,970 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in FingerMotion by 66.6% during the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock worth $84,000 after purchasing an additional 15,360 shares during the last quarter. Institutional investors and hedge funds 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.