FingerMotion (NASDAQ:FNGR) Posts Earnings Results

FingerMotion (NASDAQ:FNGR) posted its earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. FingerMotion had a negative net margin of 14.82% and a negative return on equity of 39.03%.

FingerMotion Stock Down 3.3%

Shares of FNGR opened at $1.16 on Thursday. FingerMotion has a fifty-two week low of $1.11 and a fifty-two week high of $5.20. The firm’s 50 day moving average price is $1.36 and its 200 day moving average price is $1.55. The company has a market cap of $70.79 million, a P/E ratio of -11.60 and a beta of -0.83.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On FingerMotion

Several institutional investors have recently modified their holdings of FNGR. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 35,388 shares in the last quarter. XTX Topco Ltd acquired a new position in FingerMotion during the 2nd quarter worth $42,000. Qube Research & Technologies Ltd increased its holdings 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 purchasing an additional 17,836 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in FingerMotion in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 3.90% of the company’s stock.

FingerMotion Company Profile

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.