Bit Origin Limited (NASDAQ:BTOG – Free Report)’s stock is set to reverse split before the market opens on Tuesday, January 20th. The 1-60 reverse split was announced on Thursday, January 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, January 19th.
Bit Origin Stock Performance
BTOG stock opened at $0.12 on Friday. The company has a 50 day moving average price of $0.23 and a 200 day moving average price of $0.34. Bit Origin has a fifty-two week low of $0.11 and a fifty-two week high of $1.01.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BTOG shares. Wall Street Zen raised Bit Origin to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Bit Origin in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
About Bit Origin
Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.
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