Mawson Infrastructure Group (NASDAQ:MIGI) Given “Neutral” Rating at HC Wainwright

HC Wainwright reaffirmed their neutral rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI) in a research report report published on Monday,Benzinga reports.

Mawson Infrastructure Group Stock Performance

Shares of Mawson Infrastructure Group stock opened at $0.64 on Monday. The stock has a market cap of $12.01 million, a PE ratio of -0.20 and a beta of 3.94. The business has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.88. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.09. Mawson Infrastructure Group has a 12 month low of $0.35 and a 12 month high of $2.45.

Mawson Infrastructure Group (NASDAQ:MIGI) last issued its earnings results on Thursday, May 15th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The business had revenue of $13.81 million during the quarter, compared to analysts’ expectations of $15.70 million. Mawson Infrastructure Group had a negative return on equity of 368.57% and a negative net margin of 93.68%. On average, sell-side analysts anticipate that Mawson Infrastructure Group will post -1.85 EPS for the current fiscal year.

Institutional Trading of Mawson Infrastructure Group

A number of institutional investors have recently bought and sold shares of MIGI. Virtu Financial LLC boosted its position in Mawson Infrastructure Group by 150.2% during the fourth quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after purchasing an additional 22,873 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Mawson Infrastructure Group during the fourth quarter valued at $161,000. Finally, Ieq Capital LLC acquired a new stake in Mawson Infrastructure Group during the first quarter valued at $122,000. Institutional investors and hedge funds own 6.86% of the company’s stock.

Mawson Infrastructure Group Company Profile

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.