Riot Blockchain (RIOT) Shares Down 5.6%

Shares of Riot Blockchain Inc (NASDAQ:RIOT) traded down 5.6% during trading on Friday . The stock traded as low as $3.90 and last traded at $4.07. 1,477,862 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 1,736,534 shares. The stock had previously closed at $4.31.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Riot Blockchain from a “hold” rating to a “sell” rating in a research note on Saturday, April 20th. HC Wainwright raised their target price on shares of Riot Blockchain from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine cut shares of Riot Blockchain from a “buy” rating to a “hold” rating in a research note on Friday, May 10th.

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.13 and a quick ratio of 0.35.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its stake in shares of Riot Blockchain by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 490,146 shares of the technology company’s stock worth $1,789,000 after acquiring an additional 10,493 shares during the period. BlackRock Inc. lifted its stake in shares of Riot Blockchain by 132.5% in the 3rd quarter. BlackRock Inc. now owns 370,794 shares of the technology company’s stock worth $1,354,000 after acquiring an additional 211,344 shares during the period. Barclays PLC acquired a new stake in shares of Riot Blockchain in the fourth quarter valued at about $241,000. Geode Capital Management LLC lifted its stake in shares of Riot Blockchain by 18.7% in the fourth quarter. Geode Capital Management LLC now owns 100,635 shares of the technology company’s stock valued at $151,000 after purchasing an additional 15,873 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Riot Blockchain by 4,404,000.0% in the fourth quarter. Deutsche Bank AG now owns 44,041 shares of the technology company’s stock valued at $66,000 after purchasing an additional 44,040 shares during the period. Institutional investors own 10.22% of the company’s stock.

WARNING: “Riot Blockchain (RIOT) Shares Down 5.6%” was first published by Stock Observer and is the property of of Stock Observer. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.thestockobserver.com/2019/05/17/riot-blockchain-riot-shares-down-5-6-2.html.

About Riot Blockchain (NASDAQ:RIOT)

Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.

Featured Article: What is a Call Option?

Receive News & Ratings for Riot Blockchain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riot Blockchain and related companies with MarketBeat.com's FREE daily email newsletter.