HC Wainwright Reaffirms Neutral Rating for Mawson Infrastructure Group (NASDAQ:MIGI)

Mawson Infrastructure Group (NASDAQ:MIGI)‘s stock had its “neutral” rating reaffirmed by equities researchers at HC Wainwright in a research note issued to investors on Monday,Benzinga reports.

Mawson Infrastructure Group Price Performance

Shares of NASDAQ:MIGI opened at $0.63 on Monday. The company has a market capitalization of $11.80 million, a PE ratio of -0.20 and a beta of 3.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a fifty day moving average of $0.52 and a 200-day moving average of $0.89. Mawson Infrastructure Group has a one year low of $0.35 and a one year high of $2.45.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC boosted its stake in shares of Mawson Infrastructure Group by 150.2% during the 4th quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after buying an additional 22,873 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Mawson Infrastructure Group during the fourth quarter worth $161,000. Finally, Ieq Capital LLC acquired a new stake in Mawson Infrastructure Group during the first quarter valued at $122,000. Institutional investors and hedge funds own 6.86% of the company’s stock.

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.