Mawson Infrastructure Group’s (MIGI) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI) in a research report report published on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the company. Zacks Research raised Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Wall Street Zen raised Mawson Infrastructure Group to a “hold” rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Mawson Infrastructure Group has a consensus rating of “Reduce”.

Mawson Infrastructure Group Price Performance

Mawson Infrastructure Group stock opened at $1.14 on Friday. Mawson Infrastructure Group has a 52-week low of $0.28 and a 52-week high of $2.33. The firm’s fifty day moving average is $0.75 and its 200 day moving average is $0.60. The company has a market cap of $19.69 million, a price-to-earnings ratio of -0.88 and a beta of 3.97.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its earnings results on Thursday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28). The firm had revenue of $9.53 million for the quarter, compared to analysts’ expectations of $13.70 million. On average, equities research analysts anticipate that Mawson Infrastructure Group will post -1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC bought a new stake in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned about 1.30% of Mawson Infrastructure Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.