Digihost Technology (NASDAQ:DGHI) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Digihost Technology (NASDAQ:DGHI) posted its earnings results on Wednesday. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.06, reports. The company had revenue of $9.23 million during the quarter, compared to the consensus estimate of $8.10 million. Digihost Technology had a negative net margin of 25.38% and a negative return on equity of 20.93%.

Digihost Technology Stock Down 7.3 %

Shares of NASDAQ DGHI traded down $0.09 during mid-day trading on Friday, reaching $1.08. 5,071 shares of the company traded hands, compared to its average volume of 113,819. The company’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. Digihost Technology has a fifty-two week low of $0.82 and a fifty-two week high of $2.54. The stock has a market cap of $31.70 million, a PE ratio of -4.02 and a beta of 5.41.

Hedge Funds Weigh In On Digihost Technology

A hedge fund recently bought a new stake in Digihost Technology stock. Vima LLC bought a new position in Digihost Technology Inc. (NASDAQ:DGHI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,710 shares of the company’s stock, valued at approximately $71,000. Vima LLC owned 0.10% of Digihost Technology at the end of the most recent reporting period. 1.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 price objective on shares of Digihost Technology in a report on Friday, May 31st.

Digihost Technology Company Profile

Digihost Technology Inc operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.