HC Wainwright Reaffirms “Neutral” Rating for Mawson Infrastructure Group (NASDAQ:MIGI)

Mawson Infrastructure Group (NASDAQ:MIGI)‘s stock had its “neutral” rating reissued by research analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports.

Mawson Infrastructure Group Trading Down 4.5 %

Shares of NASDAQ MIGI opened at $0.48 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.09. Mawson Infrastructure Group has a 12 month low of $0.36 and a 12 month high of $2.45. The company has a market cap of $8.89 million, a price-to-earnings ratio of -0.15 and a beta of 3.65. The business has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $1.09.

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

Hedge Funds Weigh In On Mawson Infrastructure Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Mawson Infrastructure Group by 305.5% in the third quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock worth $84,000 after buying an additional 50,945 shares during the period. Virtu Financial LLC lifted its stake in Mawson Infrastructure Group by 150.2% in the 4th quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock worth $32,000 after acquiring an additional 22,873 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Mawson Infrastructure Group during the 4th quarter worth about $161,000. 6.86% of the stock is currently owned by hedge funds and other institutional investors.

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.