BIT Mining’s (BTCM) Neutral Rating Reaffirmed at HC Wainwright

HC Wainwright reaffirmed their neutral rating on shares of BIT Mining (NYSE:BTCM) in a report released on Wednesday,Benzinga reports.

BIT Mining Trading Up 6.6 %

NYSE:BTCM opened at $2.10 on Wednesday. The stock has a 50 day moving average of $2.50 and a 200-day moving average of $2.59. The firm has a market capitalization of $31.65 million, a PE ratio of -1.60 and a beta of 2.56. BIT Mining has a 52 week low of $1.79 and a 52 week high of $4.27.

BIT Mining (NYSE:BTCM) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.16) EPS for the quarter. The company had revenue of $8.79 million during the quarter, compared to analysts’ expectations of $16.40 million. As a group, analysts predict that BIT Mining will post 1 EPS for the current fiscal year.

Institutional Trading of BIT Mining

A hedge fund recently bought a new stake in BIT Mining stock. SBI Securities Co. Ltd. purchased a new stake in shares of BIT Mining Limited (NYSE:BTCM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,964 shares of the company’s stock, valued at approximately $58,000. SBI Securities Co. Ltd. owned about 0.15% of BIT Mining at the end of the most recent quarter. Hedge funds and other institutional investors own 5.34% of the company’s stock.

BIT Mining Company Profile

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.