Mawson Infrastructure Group (NASDAQ:MIGI) Releases Quarterly Earnings Results, Beats Estimates By $0.54 EPS

Mawson Infrastructure Group (NASDAQ:MIGI) announced its quarterly earnings data on Friday. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.54, Zacks reports.

Mawson Infrastructure Group Trading Down 7.5%

MIGI traded down $0.04 during trading hours on Friday, hitting $0.55. The company’s stock had a trading volume of 839,708 shares, compared to its average volume of 1,433,243. The company has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $0.63. The firm has a market capitalization of $9.50 million, a PE ratio of -0.42 and a beta of 3.98. Mawson Infrastructure Group has a fifty-two week low of $0.28 and a fifty-two week high of $2.33.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MIGI shares. Zacks Research raised Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of Mawson Infrastructure Group to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.