Bit Origin (NASDAQ:BTOG) Issues Earnings Results

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

Bit Origin Price Performance

Shares of NASDAQ:BTOG opened at $1.25 on Wednesday. Bit Origin has a 1-year low of $1.13 and a 1-year high of $60.60. The business has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $4.14.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bit Origin in a research note on Friday, May 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Bit Origin

An institutional investor recently raised its stake in Bit Origin stock. Virtu Financial LLC grew its stake in Bit Origin Limited (NASDAQ:BTOG) by 476.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 146,491 shares of the company’s stock after purchasing an additional 121,066 shares during the quarter. Virtu Financial LLC owned about 14.95% of Bit Origin worth $25,000 at the end of the most recent reporting period. 1.07% of the stock is owned by institutional investors.

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.