FingerMotion (NASDAQ:FNGR) Issues Quarterly Earnings Results

FingerMotion (NASDAQ:FNGR) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02, Zacks reports. FingerMotion had a negative return on equity of 44.60% and a negative net margin of 29.00%.

FingerMotion Price Performance

FNGR opened at $0.36 on Thursday. The company has a market capitalization of $21.88 million, a PE ratio of -2.75 and a beta of -0.44. FingerMotion has a fifty-two week low of $0.30 and a fifty-two week high of $2.35. The business has a 50-day moving average of $0.61 and a 200-day moving average of $0.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, FingerMotion currently has an average rating of “Sell”.

Hedge Funds Weigh In On FingerMotion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in shares of FingerMotion during the 4th quarter worth $85,000. Envestnet Asset Management Inc. boosted its holdings in FingerMotion by 143.6% in 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 in the last quarter. Barclays PLC acquired a new position in FingerMotion during the fourth quarter worth $37,000. XTX Topco Ltd bought a new position in FingerMotion during the fourth quarter valued at about $34,000. Finally, Qube Research & Technologies Ltd raised its holdings in FingerMotion by 75.3% during the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after buying an additional 17,836 shares in the last quarter. Institutional investors own 3.90% of the company’s stock.

About FingerMotion

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.