DMG Blockchain Solutions (CVE:DMGI) Stock Price Up 1.7% – Still a Buy?

DMG Blockchain Solutions Inc. (CVE:DMGI)’s stock price rose 1.7% during trading on Friday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 70,000 shares traded hands during trading, a decline of 81% from the average daily volume of 369,553 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

Separately, HC Wainwright lowered DMG Blockchain Solutions from a “buy” rating to a “neutral” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

DMG Blockchain Solutions Price Performance

The company has a market capitalization of C$60.87 million, a P/E ratio of -7.38 and a beta of 1.82. The company has a fifty day moving average price of C$0.25 and a 200 day moving average price of C$0.30. The company has a debt-to-equity ratio of 16.66, a current ratio of 2.69 and a quick ratio of 1.19.

DMG Blockchain Solutions Company Profile

DMG Blockchain Solutions Inc operates as a blockchain and crypto-currency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services. In addition, the company provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, high and low voltage power design and engineering, and facility power distribution design and engineering.