Shares of Riot Blockchain Inc (NASDAQ:RIOT) gapped up prior to trading on Tuesday . The stock had previously closed at $4.54, but opened at $4.60. Riot Blockchain shares last traded at $4.46, with a volume of 3023 shares traded.
Separately, HC Wainwright lifted their price target on Riot Blockchain from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, April 5th.
The stock has a market cap of $67.18 million, a price-to-earnings ratio of -1.80 and a beta of 3.02. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.38.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc grew its position in shares of Riot Blockchain by 2.2% in the third quarter. Vanguard Group Inc now owns 490,146 shares of the technology company’s stock valued at $1,789,000 after purchasing an additional 10,493 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Riot Blockchain by 18.7% in the fourth quarter. Geode Capital Management LLC now owns 100,635 shares of the technology company’s stock valued at $151,000 after purchasing an additional 15,873 shares in the last quarter. Deutsche Bank AG grew its position in shares of Riot Blockchain by 4,404,000.0% in the fourth quarter. Deutsche Bank AG now owns 44,041 shares of the technology company’s stock valued at $66,000 after purchasing an additional 44,040 shares in the last quarter. Barclays PLC purchased a new position in shares of Riot Blockchain in the fourth quarter valued at $241,000. Finally, BlackRock Inc. grew its position in shares of Riot Blockchain by 132.5% in the third quarter. BlackRock Inc. now owns 370,794 shares of the technology company’s stock valued at $1,354,000 after purchasing an additional 211,344 shares in the last quarter. Institutional investors own 8.40% of the company’s stock.
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Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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