Metalpha Technology (NASDAQ:MATH) Releases Quarterly Earnings Results

Metalpha Technology (NASDAQ:MATH) posted its earnings results on Thursday. The company reported $0.05 EPS for the quarter, reports. The business had revenue of $12.56 million for the quarter.

Metalpha Technology Price Performance

MATH traded down $0.02 during trading hours on Friday, hitting $0.91. 2,470 shares of the company’s stock were exchanged, compared to its average volume of 67,371. Metalpha Technology has a 12-month low of $0.80 and a 12-month high of $4.10. The firm has a 50 day moving average of $0.97 and a 200 day moving average of $1.16.

Institutional Trading of Metalpha Technology

Several hedge funds have recently modified their holdings of MATH. Goldman Sachs Group Inc. increased its holdings in Metalpha Technology by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after purchasing an additional 8,353 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Metalpha Technology during the first quarter worth approximately $53,000. HRT Financial LP increased its holdings in Metalpha Technology by 242.0% in the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock valued at $75,000 after buying an additional 25,305 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in Metalpha Technology in the second quarter valued at $100,000. 30.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Metalpha Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Metalpha Technology

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.