Mawson Infrastructure Group (NASDAQ:MIGI) Earns Neutral Rating from HC Wainwright

Mawson Infrastructure Group (NASDAQ:MIGI)‘s stock had its “neutral” rating restated by stock analysts at HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports.

Mawson Infrastructure Group Price Performance

Shares of MIGI opened at $0.63 on Monday. The firm has a 50-day simple moving average of $0.53 and a two-hundred day simple moving average of $0.88. The stock has a market cap of $11.82 million, a PE ratio of -0.20 and a beta of 3.94. Mawson Infrastructure Group has a 1-year low of $0.35 and a 1-year high of $2.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.39 and a quick ratio of 0.39.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its earnings results on Thursday, May 15th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Mawson Infrastructure Group had a negative net margin of 93.68% and a negative return on equity of 368.57%. The firm had revenue of $13.81 million during the quarter, compared to the consensus estimate of $15.70 million. As a group, analysts forecast that Mawson Infrastructure Group will post -1.85 EPS for the current year.

Hedge Funds Weigh In On Mawson Infrastructure Group

Several hedge funds have recently bought and sold shares of MIGI. Virtu Financial LLC increased its stake in Mawson Infrastructure Group by 150.2% during the fourth quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock worth $32,000 after purchasing an additional 22,873 shares during the period. Citadel Advisors LLC acquired a new position in shares of Mawson Infrastructure Group in the fourth quarter valued at approximately $161,000. Finally, Ieq Capital LLC purchased a new stake in Mawson Infrastructure Group during the 1st quarter worth approximately $122,000. Institutional investors and hedge funds own 6.86% of the company’s stock.

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.