Metalpha Technology (NASDAQ:MATH) Releases Earnings Results

Metalpha Technology (NASDAQ:MATH) issued its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $6.01 million during the quarter.

Metalpha Technology Price Performance

MATH stock traded down $0.03 during midday trading on Friday, hitting $1.21. The stock had a trading volume of 336,079 shares, compared to its average volume of 76,843. The business has a 50-day moving average of $2.04 and a two-hundred day moving average of $2.73. Metalpha Technology has a 52-week low of $1.18 and a 52-week high of $4.17.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Metalpha Technology in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Metalpha Technology

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Metalpha Technology by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock valued at $167,000 after purchasing an additional 8,353 shares during the last quarter. Geode Capital Management LLC purchased a new stake in shares of Metalpha Technology during the second quarter valued at $100,000. Finally, HRT Financial LP increased its holdings in Metalpha Technology by 242.0% in the 4th quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after buying an additional 25,305 shares in the last quarter. Institutional investors own 30.53% of the company’s stock.

About Metalpha Technology

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.