Wall Street Zen Upgrades Mawson Infrastructure Group (NASDAQ:MIGI) to Hold

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

Other equities research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of 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 report on Friday, October 31st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mawson Infrastructure Group currently has an average rating of “Reduce”.

Mawson Infrastructure Group Stock Down 11.4%

MIGI stock opened at $0.49 on Friday. Mawson Infrastructure Group has a 52-week low of $0.28 and a 52-week high of $2.33. The stock has a market cap of $8.42 million, a price-to-earnings ratio of -0.77 and a beta of 3.97. The business has a fifty day moving average of $0.85 and a two-hundred day moving average of $0.62.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.53) by $0.54. The business had revenue of $13.18 million during the quarter, compared to analyst estimates of $5.30 million. As a group, sell-side analysts anticipate that Mawson Infrastructure Group will post -1.85 EPS 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 purchased a new stake in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned 1.30% of Mawson Infrastructure Group as of its most recent SEC filing. 6.86% of the stock is owned by institutional investors and hedge funds.

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.