Galaxy Digital (TSE:GLXY) Trading Down 2.1%

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s share price fell 2.1% during trading on Tuesday . The company traded as low as C$13.66 and last traded at C$14.08. 238,010 shares were traded during mid-day trading, a decline of 75% from the average session volume of 955,024 shares. The stock had previously closed at C$14.38.

Analyst Ratings Changes

Separately, ATB Capital raised their price objective on shares of Galaxy Digital from C$13.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th.

Galaxy Digital Trading Down 5.5 %

The company has a market cap of C$1.39 billion, a PE ratio of -8.21 and a beta of 3.18. The business’s 50-day simple moving average is C$12.01 and its 200-day simple moving average is C$9.09.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates through five segments: Trading, Principal Investments, Asset Management, Investment Banking, and Mining. The company provides spot and derivative executions, and liquidity to institutional clients, counterparties, and venues that transact in cryptocurrencies; and offers access to traded cryptocurrencies to clients and counterparties across a suite of service offerings, including over-the-counter (OTC) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured products, as well as engages in the proprietary quantitative, arbitrage, and macro trading strategies.