BTC Digital (NASDAQ:BTCT) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of BTC Digital (NASDAQ:BTCT) to a hold rating in a report issued on Monday,Zacks.com reports.

BTC Digital Stock Performance

BTC Digital stock opened at $1.09 on Monday. The stock has a 50-day simple moving average of $1.22 and a 200 day simple moving average of $1.47. The company has a quick ratio of 7.79, a current ratio of 7.79 and a debt-to-equity ratio of 0.01. BTC Digital has a 12-month low of $1.07 and a 12-month high of $4.79. The stock has a market capitalization of $10.38 million, a price-to-earnings ratio of -0.91 and a beta of 5.49.

BTC Digital (NASDAQ:BTCT) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $4.16 million during the quarter. On average, research analysts anticipate that BTC Digital will post -0.81 earnings per share for the current fiscal year.

BTC Digital Company Profile

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.