Riot Blockchain (RIOT) Trading Up 8.2%
Riot Blockchain Inc (NASDAQ:RIOT) was up 8.2% during mid-day trading on Monday . The company traded as high as $3.11 and last traded at $2.78. Approximately 10,214 shares were traded during trading, a decline of 99% from the average daily volume of 1,277,010 shares. The stock had previously closed at $2.57.
A number of equities research analysts have issued reports on RIOT shares. Zacks Investment Research cut shares of Riot Blockchain from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. HC Wainwright decreased their price target on shares of Riot Blockchain from $10.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, October 4th.
The stock has a market cap of $51.23 million, a P/E ratio of -1.03 and a beta of 2.38.
A hedge fund recently raised its stake in Riot Blockchain stock. BlackRock Inc. grew its stake in shares of Riot Blockchain Inc (NASDAQ:RIOT) by 29.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 159,450 shares of the technology company’s stock after buying an additional 35,954 shares during the period. BlackRock Inc. owned approximately 1.17% of Riot Blockchain worth $1,011,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 13.42% of the company’s stock.
About Riot Blockchain (NASDAQ:RIOT)
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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