Bit Origin (NASDAQ:BTOG) Upgraded by Wall Street Zen to “Sell” Rating

Bit Origin (NASDAQ:BTOG) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued on Friday.

Bit Origin Price Performance

Shares of BTOG stock opened at $0.78 on Friday. The company’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.33. Bit Origin has a twelve month low of $0.12 and a twelve month high of $3.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bit Origin stock. Virtu Financial LLC bought a new stake in Bit Origin Limited (NASDAQ:BTOG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 218,114 shares of the company’s stock, valued at approximately $41,000. Virtu Financial LLC owned about 2.70% of Bit Origin at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.07% of the company’s stock.

Bit Origin Company Profile

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.