Metalpha Technology (NASDAQ:MATH) Issues Quarterly Earnings Results

Metalpha Technology (NASDAQ:MATH) announced its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, reports. The business had revenue of $12.56 million for the quarter.

Metalpha Technology Stock Up 3.2%

Shares of NASDAQ:MATH traded up $0.03 on Friday, hitting $0.89. The company had a trading volume of 12,049 shares, compared to its average volume of 32,538. Metalpha Technology has a 52-week low of $0.80 and a 52-week high of $4.10. The business has a 50 day moving average of $0.96 and a 200 day moving average of $1.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Metalpha Technology by 11.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock valued at $167,000 after purchasing an additional 8,353 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Metalpha Technology during the first quarter worth about $53,000. HRT Financial LP grew its holdings in shares of Metalpha Technology by 242.0% during the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after buying an additional 25,305 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of Metalpha Technology in the second quarter valued at approximately $100,000. Institutional investors and hedge funds own 30.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Metalpha Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Metalpha Technology has a consensus rating of “Hold”.

About Metalpha Technology

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.