Mawson Infrastructure Group (NASDAQ:MIGI) Rating Lowered to Hold at Wall Street Zen

Mawson Infrastructure Group (NASDAQ:MIGI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mawson Infrastructure Group has an average rating of “Reduce”.

Mawson Infrastructure Group Price Performance

Shares of Mawson Infrastructure Group stock opened at $5.17 on Friday. Mawson Infrastructure Group has a 1-year low of $4.00 and a 1-year high of $40.00. The company has a market capitalization of $5.89 million, a PE ratio of -0.41 and a beta of 4.63. The business has a 50-day moving average of $15.73 and a 200-day moving average of $11.60.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings results on Friday, November 14th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of ($10.60) by $10.80. The business had revenue of $13.18 million during the quarter, compared to analyst estimates of $5.30 million. On average, equities analysts expect that Mawson Infrastructure Group will post -1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mawson Infrastructure Group

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC bought a new stake in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned about 1.30% of Mawson Infrastructure Group at the end of the most recent reporting period. 6.86% of the stock is owned by institutional investors and hedge funds.

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.