BIT Mining (NYSE:BTCM – Get Free Report) issued its earnings results on Friday. The company reported ($0.16) EPS for the quarter, Zacks reports.
BIT Mining Stock Up 3.9 %
Shares of BTCM stock traded up $0.08 during trading on Friday, hitting $2.01. The company had a trading volume of 40,213 shares, compared to its average volume of 69,288. The stock’s 50-day moving average is $2.56 and its two-hundred day moving average is $2.59. The stock has a market capitalization of $30.22 million, a price-to-earnings ratio of -1.53 and a beta of 2.56. BIT Mining has a 52 week low of $1.79 and a 52 week high of $4.27.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “neutral” rating on shares of BIT Mining in a research 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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