BTC Digital (NASDAQ:BTCT) Raised to Hold at Zacks Research

BTC Digital (NASDAQ:BTCT) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

BTC Digital Price Performance

Shares of NASDAQ:BTCT opened at $1.09 on Monday. BTC Digital has a 1-year low of $1.07 and a 1-year high of $4.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.79 and a quick ratio of 7.79. The business has a fifty day moving average price of $1.22 and a 200-day moving average price of $1.47. The company has a market capitalization of $10.38 million, a PE ratio of -0.91 and a beta of 5.49.

BTC Digital (NASDAQ:BTCT) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $4.16 million during the quarter. As a group, equities analysts expect that BTC Digital will post -0.81 EPS for the current fiscal year.

About BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.