Mawson Infrastructure Group (NASDAQ:MIGI) Stock Price Down 0.8% – Time to Sell?

Mawson Infrastructure Group Inc. (NASDAQ:MIGI)’s stock price traded down 0.8% on Wednesday . The stock traded as low as $0.61 and last traded at $0.63. 64,963 shares changed hands during trading, a decline of 78% from the average session volume of 294,196 shares. The stock had previously closed at $0.64.

Mawson Infrastructure Group Stock Performance

The firm has a market capitalization of $11.88 million, a price-to-earnings ratio of -0.20 and a beta of 3.35. The company has a fifty day moving average of $0.87 and a two-hundred day moving average of $1.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39.

Hedge Funds Weigh In On Mawson Infrastructure Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its position in Mawson Infrastructure Group by 305.5% during the 3rd quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock worth $84,000 after acquiring an additional 50,945 shares during the last quarter. Regal Partners Ltd acquired a new position in shares of Mawson Infrastructure Group in the 3rd quarter valued at about $40,000. Citadel Advisors LLC acquired a new position in shares of Mawson Infrastructure Group in the 4th quarter valued at about $161,000. Finally, Virtu Financial LLC lifted its stake in shares of Mawson Infrastructure Group by 150.2% in the 4th quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after purchasing an additional 22,873 shares during the period. 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.