Bit Origin (NASDAQ:BTOG) Announces Quarterly Earnings Results

Bit Origin (NASDAQ:BTOG) issued its earnings results on Tuesday. The company reported ($6.66) earnings per share (EPS) for the quarter, FiscalAI reports.

Bit Origin Stock Up 1.6%

Shares of NASDAQ:BTOG traded up $0.02 on Tuesday, reaching $1.25. 871,818 shares of the company traded hands, compared to its average volume of 536,295. The business’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $4.25. Bit Origin has a 52 week low of $1.13 and a 52 week high of $60.60.

Institutional Investors Weigh In On Bit Origin

A hedge fund recently raised its position in Bit Origin stock. Virtu Financial LLC increased its stake in shares of Bit Origin Limited (NASDAQ:BTOG) by 476.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,491 shares of the company’s stock after acquiring an additional 121,066 shares during the quarter. Virtu Financial LLC owned approximately 14.95% of Bit Origin worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.07% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Bit Origin in a report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.