BIT Mining (NYSE:BTCM) Trading Down 4.3% – Here’s What Happened

Shares of BIT Mining Limited Sponsored ADR (NYSE:BTCM) traded down 4.3% on Tuesday . The stock traded as low as $4.11 and last traded at $4.17. 1,659,026 shares were traded during trading, an increase of 91% from the average session volume of 869,560 shares. The stock had previously closed at $4.36.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “neutral” rating on shares of BIT Mining in a research note on Friday, April 11th.

BIT Mining Price Performance

The firm’s 50-day moving average price is $2.25 and its 200-day moving average price is $2.15. The company has a market cap of $62.86 million, a price-to-earnings ratio of -3.18 and a beta of 3.13.

BIT Mining Company Profile

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.