Mercurity Fintech Holding Inc. (NASDAQ:MFH – Get Rating)'s share price fell 2.4% during mid-day trading on Wednesday . The company traded as low as $0.80 and last traded at $0.80. 1,115 shares were traded during trading, a decline of 99% from the average session volume of 212,251 shares. The stock had previously closed at $0.82.

Mercurity Fintech Price Performance

The company's 50-day simple moving average is $0.80 and its 200 day simple moving average is $1.61.

Institutional Trading of Mercurity Fintech

A hedge fund recently bought a new stake in Mercurity Fintech stock. Envestnet Asset Management Inc. acquired a new position in shares of Mercurity Fintech Holding Inc. (NASDAQ:MFH – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,859 shares of the company's stock, valued at approximately $63,000. Envestnet Asset Management Inc. owned approximately 0.21% of Mercurity Fintech as of its most recent filing with the SEC. Institutional investors and hedge funds own 16.82% of the company's stock.

Mercurity Fintech Company Profile

Mercurity Fintech Holding Inc engages in the design, development, creation, testing, installation, configuration, integration, and customization of operational software based on blockchain technologies and related services in the British Virgin Islands and the Asia pacific region. It provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders, blockchain-based virtual communities, and liquidity providers.; an asset digitalization platform, which provides blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.

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