FingerMotion (NASDAQ:FNGR) Releases Quarterly Earnings Results

FingerMotion (NASDAQ:FNGR - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. FingerMotion had a negative return on equity of 44.33% and a negative net margin of 15.31%.FingerMotion Stock PerformanceShares of NASDAQ:FNGR traded down $0.05 on Tuesday, reaching $1.68. The company's stock had a trading volume of 71,367 shares, compared to its average volume of 429,480. FingerMotion has a 52-week low of $1.03 and a 52-week high of $5.20. The company has a market cap of $99.51 million, a P/E ratio of -16.75 and a beta of -0.86. The company has a 50-day simple moving average of $1.60 and a 200 day simple moving average of $2.02. Hedge Funds Weigh In On FingerMotionAn institutional investor recently bought a new position in FingerMotion stock. XTX Topco Ltd bought a new stake in shares of FingerMotion, Inc. (NASDAQ:FNGR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,563 shares of the company's stock, valued at approximately $42,000. 3.90% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh InSeveral analysts have recently commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of FingerMotion in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of FingerMotion from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".Check Out Our Latest Report on FNGRAbout FingerMotion (Get Free Report)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.Featured StoriesFive stocks we like better than FingerMotionWhat is the S&P 500 and How It is Distinct from Other IndexesNVIDIA Analysts Lift Targets: What It Means for the Stock Price10 Best Airline Stocks to BuyFastenal Stock Pulls Back in October—Is It Time to Buy FAST?Large Cap Stock Definition and How to InvestWhy Congress Is Buying Intuitive Surgical Ahead of EarningsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in FingerMotion Right Now?Before you consider FingerMotion, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FingerMotion wasn't on the list.While FingerMotion currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here