Wall Street Zen Upgrades Mawson Infrastructure Group (NASDAQ:MIGI) to Sell

Mawson Infrastructure Group (NASDAQ:MIGI) was upgraded by Wall Street Zen to a “sell” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on MIGI. Zacks Research raised Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Mawson Infrastructure Group Trading Down 0.9%

Shares of NASDAQ MIGI opened at $1.05 on Friday. Mawson Infrastructure Group has a 1 year low of $0.28 and a 1 year high of $2.33. The firm’s 50-day moving average is $0.81 and its 200-day moving average is $0.62. The firm has a market capitalization of $18.14 million, a PE ratio of -0.81 and a beta of 3.98.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its quarterly 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 company had revenue of $9.53 million for the quarter, compared to analyst estimates of $13.70 million. As a group, equities research analysts anticipate that Mawson Infrastructure Group will post -1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mawson Infrastructure Group

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC acquired a new position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned 1.30% of Mawson Infrastructure Group as of its most recent SEC filing. Hedge funds and other institutional investors own 6.86% of the company’s stock.

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.