Mawson Infrastructure Group’s (MIGI) Neutral Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their neutral rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI) in a research report sent to investors on Wednesday morning,Benzinga reports.

Mawson Infrastructure Group Trading Up 3.2 %

NASDAQ:MIGI opened at $0.49 on Wednesday. The firm has a market capitalization of $9.17 million, a P/E ratio of -0.16 and a beta of 3.65. The business has a 50 day simple moving average of $0.61 and a 200 day simple moving average of $1.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.39 and a quick ratio of 0.39. Mawson Infrastructure Group has a 12-month low of $0.36 and a 12-month high of $2.45.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.22). Mawson Infrastructure Group had a negative net margin of 93.68% and a negative return on equity of 368.57%. The company had revenue of $15.07 million during the quarter, compared to the consensus estimate of $14.40 million. Equities research analysts predict that Mawson Infrastructure Group will post -1.85 EPS for the current year.

Hedge Funds Weigh In On Mawson Infrastructure Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in Mawson Infrastructure Group during the 4th quarter valued at $161,000. Jane Street Group LLC increased its holdings in shares of Mawson Infrastructure Group by 305.5% during the third quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock valued at $84,000 after purchasing an additional 50,945 shares during the period. Finally, Virtu Financial LLC raised its stake in shares of Mawson Infrastructure Group by 150.2% during the fourth quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after purchasing an additional 22,873 shares in the last quarter. 6.86% of the stock is currently owned by institutional investors and hedge funds.

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.