Mawson Infrastructure Group (NASDAQ:MIGI) Upgraded at Zacks Research

Zacks Research upgraded shares of Mawson Infrastructure Group (NASDAQ:MIGI) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other brokerages also recently commented on MIGI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mawson Infrastructure Group in a report on Wednesday, October 8th. Wall Street Zen upgraded Mawson Infrastructure Group to a “hold” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mawson Infrastructure Group currently has a consensus rating of “Reduce”.

Mawson Infrastructure Group Price Performance

Shares of MIGI opened at $1.14 on Tuesday. The firm has a 50-day moving average of $0.73 and a 200-day moving average of $0.59. Mawson Infrastructure Group has a one year low of $0.28 and a one year high of $2.33. The company has a market cap of $19.69 million, a PE ratio of -0.88 and a beta of 3.82.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28). The company had revenue of $9.53 million during the quarter, compared to analyst estimates of $13.70 million. Analysts expect that Mawson Infrastructure Group will post -1.85 earnings per share for the current year.

Institutional Investors Weigh In On Mawson Infrastructure Group

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC bought a new position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned about 1.30% of Mawson Infrastructure Group at the end of the most recent reporting period. Institutional investors own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.