Mawson Infrastructure Group (NASDAQ:MIGI) Announces Quarterly Earnings Results

Mawson Infrastructure Group (NASDAQ:MIGI) released its earnings results on Friday. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.54, Zacks reports. The business had revenue of $13.18 million during the quarter.

Mawson Infrastructure Group Stock Down 7.5%

Shares of NASDAQ:MIGI opened at $0.55 on Friday. The company has a market capitalization of $9.50 million, a price-to-earnings ratio of -0.87 and a beta of 3.98. Mawson Infrastructure Group has a 52 week low of $0.28 and a 52 week high of $2.33. The firm has a 50 day moving average of $0.85 and a 200 day moving average of $0.63.

Analysts Set New Price Targets

MIGI has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Mawson Infrastructure Group from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Mawson Infrastructure Group Company Profile

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.