BIT Mining (NYSE:BTCM – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $8.79 million during the quarter, compared to analyst estimates of $16.40 million.
BIT Mining Stock Performance
BTCM stock opened at $2.01 on Friday. The company has a 50 day moving average price of $2.55 and a two-hundred day moving average price of $2.59. The stock has a market capitalization of $30.22 million, a P/E ratio of -1.53 and a beta of 2.56. BIT Mining has a one year low of $1.79 and a one year high of $4.27.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a “neutral” rating on shares of BIT Mining in a report on Thursday, December 5th.
BIT Mining Company Profile
BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.
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