Galaxy Digital (TSE:GLXY) Trading Down 12.5% – Here’s Why

Galaxy Digital Holdings Ltd. (TSE:GLXY) was down 12.5% on Tuesday . The company traded as low as C$30.72 and last traded at C$31.67. Approximately 448,968 shares changed hands during trading, a decline of 41% from the average daily volume of 758,192 shares. The stock had previously closed at C$36.19.

Galaxy Digital Price Performance

The firm has a fifty day simple moving average of C$37.24 and a 200-day simple moving average of C$40.88. The firm has a market cap of C$5.52 billion, a P/E ratio of 51.25 and a beta of 2.36.

Galaxy Digital (TSE:GLXY) last posted its earnings results on Tuesday, February 3rd. The company reported C($1.48) earnings per share for the quarter. Galaxy Digital had a net margin of 364.19% and a return on equity of 83.38%. The company had revenue of C$28.26 billion during the quarter. On average, equities analysts predict that Galaxy Digital Holdings Ltd. will post 2.1003672 earnings per share for the current year.

About Galaxy Digital

Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through five business lines: Trading, Principal investing, Asset management, mining and Investment Banking.