Mawson Infrastructure Group (NASDAQ:MIGI) Raised to “Hold” at Wall Street Zen

Mawson Infrastructure Group (NASDAQ:MIGI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Other analysts also recently issued research reports about the company. Zacks Research upgraded Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mawson Infrastructure Group has an average rating of “Reduce”.

Mawson Infrastructure Group Stock Down 7.5%

NASDAQ MIGI opened at $0.55 on Friday. The company has a 50-day simple moving average of $0.85 and a two-hundred day simple moving average of $0.63. Mawson Infrastructure Group has a 12-month low of $0.28 and a 12-month high of $2.33. The firm has a market cap of $9.50 million, a price-to-earnings ratio of -0.87 and a beta of 3.98.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings data on Friday, November 14th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.53) by $0.54. The company had revenue of $13.18 million during the quarter. Equities analysts expect that Mawson Infrastructure Group will post -1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mawson Infrastructure Group

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC acquired a new stake in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned 1.30% of Mawson Infrastructure Group at the end of the most recent reporting period. 6.86% of the stock is currently owned by hedge funds and other institutional investors.

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.