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

Wall Street Zen lowered shares of Mawson Infrastructure Group (NASDAQ:MIGI) from a buy rating to a hold rating in a research note released on Saturday.

Several other research firms have also issued reports on MIGI. Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Zacks Research upgraded Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mawson Infrastructure Group currently has a consensus rating of “Reduce”.

Mawson Infrastructure Group Price Performance

Shares of MIGI opened at $4.34 on Friday. The company’s fifty day moving average price is $15.51 and its 200 day moving average price is $11.54. The company has a market capitalization of $4.95 million, a PE ratio of -0.34 and a beta of 4.63. Mawson Infrastructure Group has a one year low of $4.00 and a one year high of $40.00.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Friday, November 14th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($10.60) by $10.80. The firm had revenue of $13.18 million for the quarter, compared to analyst estimates of $5.30 million. Analysts anticipate that Mawson Infrastructure Group will post -1.85 earnings per share for the current year.

Institutional Investors Weigh In On Mawson Infrastructure Group

An institutional investor recently bought a new position in Mawson Infrastructure Group stock. Ieq Capital LLC purchased a new stake in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned approximately 1.30% of Mawson Infrastructure Group as of its most recent SEC filing. Hedge funds and other institutional investors own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.