Bit Origin (NASDAQ:BTOG) Shares to Reverse Split on Tuesday, January 20th

Bit Origin Limited (NASDAQ:BTOG) shares are scheduled to reverse split before the market opens on Tuesday, January 20th. The 1-60 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, January 19th.

Bit Origin Trading Down 41.2%

Shares of Bit Origin stock opened at $0.12 on Friday. Bit Origin has a 52-week low of $0.11 and a 52-week high of $1.01. The company has a 50 day moving average of $0.23 and a 200 day moving average of $0.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BTOG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Bit Origin in a research note on Monday, December 22nd. Wall Street Zen upgraded Bit Origin to a “sell” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.