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

Mawson Infrastructure Group (NASDAQ:MIGI) was upgraded by investment analysts at Zacks Research to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen raised Mawson Infrastructure Group to a “hold” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Mawson Infrastructure Group Stock Performance

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

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.28). The company had revenue of $9.53 million for the quarter, compared to analyst estimates 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%. As a group, sell-side analysts forecast that Mawson Infrastructure Group will post -1.85 EPS for the current year.

Institutional Investors Weigh In On Mawson Infrastructure Group

An institutional investor recently bought a new position in Mawson Infrastructure Group stock. Ieq Capital LLC acquired a new stake in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned 1.30% of Mawson Infrastructure Group at the end of the most recent quarter. Institutional investors and hedge funds own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.