Mawson Infrastructure Group (NASDAQ:MIGI) Receives “Neutral” Rating from HC Wainwright

HC Wainwright reissued their neutral rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI) in a research report released on Wednesday morning, MarketBeat Ratings reports.

Mawson Infrastructure Group Price Performance

NASDAQ MIGI opened at $1.09 on Wednesday. The firm’s fifty day moving average price is $1.45 and its 200 day moving average price is $1.53. Mawson Infrastructure Group has a 12 month low of $0.43 and a 12 month high of $4.40.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its earnings results on Wednesday, May 15th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). The company had revenue of $18.77 million during the quarter, compared to analysts’ expectations of $17.80 million. Mawson Infrastructure Group had a negative net margin of 126.36% and a negative return on equity of 159.45%. Equities analysts anticipate that Mawson Infrastructure Group will post -2.52 EPS for the current year.

Institutional Trading of Mawson Infrastructure Group

A hedge fund recently raised its stake in Mawson Infrastructure Group stock. Virtu Financial LLC raised its position in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 232.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,984 shares of the company’s stock after acquiring an additional 23,758 shares during the period. Virtu Financial LLC owned approximately 0.19% of Mawson Infrastructure Group worth $52,000 at the end of the most recent reporting period. Institutional investors own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.