Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Shares Sold by Segantii Capital Management Ltd

Segantii Capital Management Ltd lowered its stake in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 49.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 98,666 shares during the quarter. Segantii Capital Management Ltd’s holdings in Mawson Infrastructure Group were worth $320,000 at the end of the most recent quarter.

Separately, Regal Partners Ltd grew its position in Mawson Infrastructure Group by 27.2% in the 3rd quarter. Regal Partners Ltd now owns 305,109 shares of the company’s stock valued at $168,000 after buying an additional 65,167 shares during the last quarter. Hedge funds and other institutional investors own 6.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Mawson Infrastructure Group in a report on Thursday, April 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $1.00 price objective on shares of Mawson Infrastructure Group in a report on Monday, April 1st.

Mawson Infrastructure Group Trading Down 5.0 %

Shares of MIGI stock traded down $0.06 during mid-day trading on Thursday, reaching $1.15. The stock had a trading volume of 185,407 shares, compared to its average volume of 630,510. Mawson Infrastructure Group Inc. has a 12-month low of $0.43 and a 12-month high of $4.40. The business has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.58. The company has a market cap of $20.15 million, a P/E ratio of -0.32 and a beta of 3.29.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings results on Monday, April 1st. The company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($0.82) by $0.06. Mawson Infrastructure Group had a negative net margin of 138.67% and a negative return on equity of 121.73%. The business had revenue of $14.02 million for the quarter, compared to analyst estimates of $9.20 million. Research analysts anticipate that Mawson Infrastructure Group Inc. will post -1.94 EPS for the current year.

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.