FingerMotion (NASDAQ:FNGR) Lowered to “Sell” Rating by Wall Street Zen

FingerMotion (NASDAQ:FNGR) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

FingerMotion Price Performance

Shares of FingerMotion stock opened at $1.63 on Friday. The stock has a market cap of $96.84 million, a P/E ratio of -16.30 and a beta of -0.84. The stock’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $1.87. FingerMotion has a 1-year low of $1.03 and a 1-year high of $5.20.

FingerMotion (NASDAQ:FNGR) last released its quarterly earnings results on Tuesday, July 15th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $8.46 million for the quarter. FingerMotion had a negative net margin of 15.31% and a negative return on equity of 44.33%.

Hedge Funds Weigh In On FingerMotion

Several large investors have recently bought and sold shares of FNGR. Client 1ST Advisory Group LLC acquired a new stake in shares of FingerMotion during the second quarter worth about $29,000. Kingsview Wealth Management LLC purchased a new position in shares of FingerMotion during the 1st quarter worth approximately $30,000. Virtu Financial LLC increased its stake in shares of FingerMotion by 34.5% during the 4th quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock worth $62,000 after purchasing an additional 13,255 shares in the last quarter. CW Advisors LLC purchased a new position in shares of FingerMotion during the 1st quarter worth approximately $107,000. Finally, Anson Funds Management LP purchased a new stake in FingerMotion in the 4th quarter worth approximately $871,000. 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.