Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Director Sells $60,493.75 in Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Director Ryan Costello sold 48,395 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $1.25, for a total transaction of $60,493.75. Following the completion of the sale, the director now directly owns 70,000 shares of the company’s stock, valued at $87,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mawson Infrastructure Group Stock Performance

NASDAQ:MIGI opened at $1.26 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $23.37 million, a price-to-earnings ratio of -0.30 and a beta of 3.20. The firm’s fifty day moving average price is $1.34 and its 200 day moving average price is $1.35. Mawson Infrastructure Group Inc. has a 1-year low of $0.46 and a 1-year high of $4.40.

Mawson Infrastructure Group (NASDAQ:MIGI) last issued its earnings results on Monday, August 19th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.14. The business had revenue of $13.11 million for the quarter, compared to the consensus estimate of $13.20 million. Mawson Infrastructure Group had a negative net margin of 107.21% and a negative return on equity of 216.70%. On average, sell-side analysts expect that Mawson Infrastructure Group Inc. will post -1.6 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Mawson Infrastructure Group in a research note on Wednesday, August 21st.

Hedge Funds Weigh In On Mawson Infrastructure Group

An institutional investor recently raised its position in Mawson Infrastructure Group stock. Virtu Financial LLC increased its holdings in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 232.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 as of its most recent SEC filing. Hedge funds and other 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.