Exchange Traded Concepts LLC acquired a new position in Mawson Infrastructure Group, Inc. (NASDAQ:MIGI – Get Rating) during the first quarter, according to its most recent filing with the SEC. The firm acquired 229,917 shares of the company’s stock, valued at approximately $1,175,000. Exchange Traded Concepts LLC owned about 0.32% of Mawson Infrastructure Group as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of MIGI. Van ECK Associates Corp bought a new stake in shares of Mawson Infrastructure Group in the 4th quarter worth approximately $2,225,000. Bank Hapoalim BM grew its position in shares of Mawson Infrastructure Group by 123.3% in the 4th quarter. Bank Hapoalim BM now owns 46,345 shares of the company’s stock worth $307,000 after buying an additional 25,589 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Mawson Infrastructure Group in the 4th quarter worth approximately $51,000. Finally, Empowered Funds LLC bought a new stake in shares of Mawson Infrastructure Group in the 4th quarter worth approximately $589,000. Hedge funds and other institutional investors own 3.24% of the company’s stock.
NASDAQ MIGI opened at $1.13 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.26. Mawson Infrastructure Group, Inc. has a twelve month low of $0.98 and a twelve month high of $17.25. The firm has a market capitalization of $81.91 million, a PE ratio of 7.06 and a beta of 2.57. The stock’s 50 day moving average is $2.11 and its 200 day moving average is $3.76.
Mawson Infrastructure Group (NASDAQ:MIGI – Get Rating) last released its quarterly earnings results on Monday, May 16th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). Mawson Infrastructure Group had a negative net margin of 31.51% and a negative return on equity of 19.59%. The firm had revenue of $19.42 million for the quarter, compared to the consensus estimate of $21.30 million. On average, research analysts anticipate that Mawson Infrastructure Group, Inc. will post 0.2 earnings per share for the current year.
Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $12.00 price objective on shares of Mawson Infrastructure Group in a research report on Tuesday, June 28th.
Mawson Infrastructure Group Profile (Get Rating)
Mawson Infrastructure Group Inc, a digital infrastructure provider, operates in cryptocurrency mining in the United States and Australia. It owns and operates modular data centers. The company is based in North Sydney, Australia.
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