Mawson Infrastructure Group (NASDAQ:MIGI) Raised to “Buy” at Wall Street Zen

Mawson Infrastructure Group (NASDAQ:MIGI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Friday, October 31st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

Mawson Infrastructure Group Price Performance

Shares of MIGI opened at $4.45 on Monday. Mawson Infrastructure Group has a 1 year low of $4.43 and a 1 year high of $46.60. The company has a market capitalization of $5.07 million, a price-to-earnings ratio of -0.35 and a beta of 3.97. The business has a 50-day moving average of $16.83 and a 200-day moving average of $12.28.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings results on Friday, November 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($10.60) by $10.80. The firm had revenue of $13.18 million for the quarter, compared to the consensus estimate of $5.30 million. As a group, sell-side analysts anticipate 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 purchased a new position 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 (SEC). The institutional investor purchased 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned approximately 1.30% of Mawson Infrastructure Group as of its most recent filing with the Securities and Exchange Commission (SEC). 6.86% of the stock is owned by institutional investors and hedge funds.

Mawson Infrastructure Group Company Profile

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.