Mawson Infrastructure Group (NASDAQ:MIGI) Stock Price Down 1.8% – Should You Sell?

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) traded down 1.8% during trading on Friday . The company traded as low as $0.93 and last traded at $0.97. 780,478 shares were traded during mid-day trading, an increase of 3% from the average session volume of 757,239 shares. The stock had previously closed at $0.99.

Mawson Infrastructure Group Stock Down 1.8 %

The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. The stock has a market cap of $18.20 million, a P/E ratio of -0.31 and a beta of 3.23. The firm has a 50-day simple moving average of $1.47 and a two-hundred day simple moving average of $1.41.

Hedge Funds Weigh In On Mawson Infrastructure Group

A hedge fund recently raised its stake in Mawson Infrastructure Group stock. Jane Street Group LLC raised its holdings in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 305.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,619 shares of the company’s stock after acquiring an additional 50,945 shares during the period. Jane Street Group LLC owned about 0.36% of Mawson Infrastructure Group worth $84,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.86% of the company’s stock.

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.