FingerMotion (NASDAQ:FNGR) Releases Quarterly Earnings Results

FingerMotion (NASDAQ:FNGR - Get Free Report) released its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) 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%FNGR traded down $0.04 during trading on Wednesday, hitting $1.16. 281,699 shares of the stock were exchanged, compared to its average volume of 208,044. FingerMotion has a 1-year low of $1.11 and a 1-year high of $5.20. The stock has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $1.56. The firm has a market capitalization of $70.79 million, a P/E ratio of -11.60 and a beta of -0.83. Analyst Upgrades and DowngradesSeparately, Weiss Ratings reiterated a "sell (e+)" rating on shares of FingerMotion in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".Get Our Latest Stock Analysis on FingerMotionHedge Funds Weigh In On FingerMotionHedge funds and other institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new position in shares of FingerMotion in the 2nd quarter valued at approximately $26,000. XTX Topco Ltd purchased a new position in FingerMotion in the 2nd quarter valued at $42,000. Qube Research & Technologies Ltd increased its stake in FingerMotion by 75.3% in the 3rd 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 during the period. Finally, Envestnet Asset Management Inc. increased its stake in FingerMotion by 143.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company's stock valued at $95,000 after buying an additional 35,388 shares during the period. Hedge funds and other institutional investors own 3.90% of the company's stock. FingerMotion Company Profile (Get Free Report)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.See AlsoFive stocks we like better than FingerMotionIf You Keep Cash In A U.S. Bank Account… Read This NOWPunch these codes into your ordinary brokerage accountDo not delete, read immediatelyHow a Family Trust May Be Able To Help Preserve Your WealthZacks Puts $25.50 target on BSEM!This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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