Futu Holdings Stock Impressive Rise 10% At Session Start On Wednesday, Outperforms Market

(VIANEWS) – Shares of Futu Holdings (NASDAQ: FUTU) rose by a staggering 10.01% to $55.84 at 10:34 EST on Wednesday, after four consecutive sessions in a row of losses. NASDAQ is falling 0.27% to $11,553.25, following the last session’s upward trend. This seems, at the moment, a somewhat negative trend trading session today.

Futu Holdings’s last close was $50.76, 29.7% below its 52-week high of $72.20.

About Futu Holdings

Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. It also offers online wealth management services under the brand of Futu Money Plus through its Futubull and moomoo platforms, which give access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas. In addition, the company provides initial public offering subscription and employee share option plan solution services to corporate clients under the Futu I&E brand. Futu Holdings Limited was founded in 2007 and is based in Hong Kong, Hong Kong.

Earnings Per Share

As for profitability, Futu Holdings has a trailing twelve months EPS of $1.3.

PE Ratio

Futu Holdings has a trailing twelve months price to earnings ratio of 43.02. Meaning,
the purchaser of the share is investing $43.02 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 11.51%.

More news about Futu Holdings (FUTU).

Leave a Reply

Your email address will not be published. Required fields are marked *