Bit Origin (NASDAQ:BTOG) Stock Rating Upgraded by Wall Street Zen

Bit Origin (NASDAQ:BTOG) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bit Origin in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Bit Origin Stock Performance

Shares of NASDAQ:BTOG opened at $0.41 on Friday. The company’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.29. Bit Origin has a 12-month low of $0.12 and a 12-month high of $2.74.

Institutional Trading of Bit Origin

An institutional investor recently bought a new position in Bit Origin stock. Virtu Financial LLC purchased a new position in shares of Bit Origin Limited (NASDAQ:BTOG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 218,114 shares of the company’s stock, valued at approximately $41,000. Virtu Financial LLC owned approximately 2.70% of Bit Origin at the end of the most recent quarter. Hedge funds and other institutional investors own 1.07% of the company’s stock.

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.