Mawson Infrastructure Group (NASDAQ:MIGI) Upgraded at Zacks Research

Mawson Infrastructure Group (NASDAQ:MIGI) was upgraded by Zacks Research to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded Mawson Infrastructure Group to a “hold” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Mawson Infrastructure Group Trading Down 14.3%

Shares of MIGI stock opened at $0.42 on Monday. The company has a market capitalization of $8.76 million, a P/E ratio of -0.32 and a beta of 3.88. The business’s 50 day moving average is $0.43 and its two-hundred day moving average is $0.49. Mawson Infrastructure Group has a 12-month low of $0.28 and a 12-month high of $2.33.

Mawson Infrastructure Group (NASDAQ:MIGI) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28). The business had revenue of $9.53 million for the quarter, compared to analysts’ expectations of $13.70 million. Mawson Infrastructure Group had a negative return on equity of 1,083.93% and a negative net margin of 49.44%. On average, research analysts predict that Mawson Infrastructure Group will post -1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mawson Infrastructure Group

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC bought a new position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned about 1.30% of Mawson Infrastructure Group as of its most recent SEC filing. 6.86% of the stock is owned by hedge funds and other institutional investors.

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.