Mercurity Fintech (NASDAQ:MFH) Stock Falls 9.5% – What’s Next?

Shares of Mercurity Fintech Holding Inc. Sponsored ADR (NASDAQ:MFH – Get Free Report) were down 9.5% on Thursday. The stock traded as low as $6.59 and last traded at $7.6650. 412,569 shares changed hands during trading, a decline of 19% from the average daily volume of 509,724 shares. The stock had previously closed at $8.47.

Mercurity Fintech Stock Down 9.5%

The stock’s 50 day moving average is $4.98 and its two-hundred day moving average is $5.01.

About Mercurity Fintech

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Mercurity Fintech Holding Inc (NASDAQ: MFH) is a financial technology company focused on blockchain technology and digital assets. Its business activities have included the development of blockchain-based financial infrastructure and services intended to support digital payments, asset management, and other transactions involving digital assets.

The company was formerly known as JMU Limited and adopted the name Mercurity Fintech Holding Inc as it shifted its strategic focus toward financial technology, blockchain applications, and digital-asset-related opportunities.

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