Mawson Infrastructure Group (MIGI) to Release Earnings on Monday

Mawson Infrastructure Group (NASDAQ:MIGIGet Rating) will be posting its quarterly earnings results after the market closes on Monday, November 14th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Mawson Infrastructure Group (NASDAQ:MIGIGet Rating) last announced its earnings results on Monday, August 22nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.18. Mawson Infrastructure Group had a positive return on equity of 4.99% and a negative net margin of 19.26%. The firm had revenue of $19.78 million during the quarter, compared to analyst estimates of $32.90 million. During the same quarter in the prior year, the company earned ($0.10) EPS. On average, analysts expect Mawson Infrastructure Group to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mawson Infrastructure Group Stock Down 8.1 %

Shares of NASDAQ:MIGI opened at $0.40 on Friday. Mawson Infrastructure Group has a 52-week low of $0.31 and a 52-week high of $13.24. The firm has a market capitalization of $32.09 million, a P/E ratio of 2.54 and a beta of 2.41. The stock has a 50 day moving average price of $0.51 and a 200-day moving average price of $1.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.18.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MIGI shares. Cantor Fitzgerald decreased their target price on Mawson Infrastructure Group from $12.00 to $3.00 in a research report on Wednesday, August 24th. HC Wainwright decreased their target price on Mawson Infrastructure Group from $17.00 to $3.00 in a research report on Wednesday, August 24th.

Institutional Trading of Mawson Infrastructure Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of Mawson Infrastructure Group by 216.8% in the 2nd quarter. Millennium Management LLC now owns 161,879 shares of the company’s stock worth $176,000 after buying an additional 110,780 shares during the last quarter. State Street Corp grew its stake in shares of Mawson Infrastructure Group by 3.8% in the 1st quarter. State Street Corp now owns 156,852 shares of the company’s stock worth $802,000 after buying an additional 5,720 shares during the last quarter. Credit Suisse AG grew its stake in shares of Mawson Infrastructure Group by 24.4% in the 2nd quarter. Credit Suisse AG now owns 58,300 shares of the company’s stock worth $64,000 after buying an additional 11,430 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of Mawson Infrastructure Group by 25.2% in the 1st quarter. Penserra Capital Management LLC now owns 49,675 shares of the company’s stock worth $253,000 after buying an additional 10,012 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Mawson Infrastructure Group in the 1st quarter worth approximately $137,000. Hedge funds and other institutional investors own 3.73% of the company’s stock.

Mawson Infrastructure Group Company Profile

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Mawson Infrastructure Group Inc, a digital infrastructure provider, operates in cryptocurrency mining in the United States and Australia. It owns and operates modular data centers. The company is based in North Sydney, Australia.

See Also

Earnings History for Mawson Infrastructure Group (NASDAQ:MIGI)

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