DMG Blockchain Solutions (CVE:DMGI) Stock Rating Lowered by HC Wainwright

DMG Blockchain Solutions (CVE:DMGI) was downgraded by equities researchers at HC Wainwright from a “buy” rating to a “neutral” rating in a note issued to investors on Friday,BayStreet.CA reports.

DMG Blockchain Solutions Price Performance

DMGI opened at C$0.24 on Friday. The company has a debt-to-equity ratio of 16.56, a current ratio of 2.17 and a quick ratio of 1.19. The stock’s 50 day simple moving average is C$0.26 and its 200 day simple moving average is C$0.33. The firm has a market cap of C$48.21 million, a price-to-earnings ratio of -4.70 and a beta of 2.47. DMG Blockchain Solutions has a 1 year low of C$0.19 and a 1 year high of C$0.64.

About DMG Blockchain Solutions

DMG Blockchain Solutions Inc operates as a blockchain and crypto-currency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services. In addition, the company provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, high and low voltage power design and engineering, and facility power distribution design and engineering.