Futu (NASDAQ:FHL) Shares Up 6.2%

Futu Holdings Ltd (NASDAQ:FHL)’s share price shot up 6.2% during mid-day trading on Friday . The stock traded as high as $10.69 and last traded at $10.69, 100,574 shares traded hands during mid-day trading. A decline of 77% from the average session volume of 445,761 shares. The stock had previously closed at $10.07.

The company’s fifty day moving average is $10.78.

Futu (NASDAQ:FHL) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $30.12 million during the quarter.

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC raised its holdings in Futu by 38.7% in the 2nd quarter. Citadel Advisors LLC now owns 61,334 shares of the company’s stock valued at $649,000 after acquiring an additional 17,099 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Futu in the 2nd quarter valued at $154,000. Ontario Teachers Pension Plan Board raised its holdings in Futu by 237.0% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 2,021,876 shares of the company’s stock valued at $21,371,000 after acquiring an additional 1,421,876 shares during the last quarter. Van ECK Associates Corp acquired a new position in Futu in the 2nd quarter valued at $761,000. Finally, National Asset Management Inc. acquired a new position in Futu in the 1st quarter valued at $226,000. Institutional investors and hedge funds own 4.10% of the company’s stock.

Futu Company Profile (NASDAQ:FHL)

Futu Holdings Limited operates digitized brokerage platform in Hong Kong, China, Japan, the United States, and internationally. Its platform offers investing services, including trade execution and margin financing which allows to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets; market data and information; and securities lending services.

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