Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down to $9.04

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.04, but opened at $8.50. Falcon’s Beyond Global shares last traded at $8.50, with a volume of 659 shares traded.

Falcon’s Beyond Global Price Performance

The company’s 50-day moving average price is $9.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.04 and a quick ratio of 0.03.

Hedge Funds Weigh In On Falcon’s Beyond Global

An institutional investor recently bought a new position in Falcon’s Beyond Global stock. Wolverine Asset Management LLC acquired a new stake in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,016 shares of the company’s stock, valued at approximately $49,000. 38.88% of the stock is currently owned by institutional investors.

About Falcon’s Beyond Global

Falcon's Beyond Global, Inc operates as an entertainment powerhouse and innovator in storytelling. The company develops, owns, and operates hotels, theme parks, and retail, dining, and entertainment venues. It also provides master planning, media and audio production, project management, experiential technologies, attraction hardware development, procurement, and sales for the themed entertainment industry.