Mawson Infrastructure Group (NASDAQ:MIGI) Upgraded to Buy at Wall Street Zen

Mawson Infrastructure Group (NASDAQ:MIGI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other equities analysts have also commented on MIGI. Zacks Research raised shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated 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. According to MarketBeat, Mawson Infrastructure Group has an average rating of “Reduce”.

Mawson Infrastructure Group Price Performance

Mawson Infrastructure Group stock opened at $4.45 on Monday. The stock’s fifty day moving average price is $16.83 and its two-hundred day moving average price is $12.28. Mawson Infrastructure Group has a one year low of $4.43 and a one year high of $46.60. The firm has a market cap of $5.07 million, a PE ratio of -0.35 and a beta of 3.97.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Friday, November 14th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($10.60) by $10.80. The company had revenue of $13.18 million for the quarter, compared to the consensus estimate of $5.30 million. Sell-side analysts expect that Mawson Infrastructure Group will post -1.85 earnings per share for the current fiscal year.

Institutional Trading of Mawson Infrastructure Group

An institutional investor recently bought a new position in Mawson Infrastructure Group stock. Ieq Capital LLC acquired a new position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned about 1.30% of Mawson Infrastructure Group as of its most recent SEC filing. 6.86% of the stock is currently owned by institutional investors.

Mawson Infrastructure Group Company Profile

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.