Mawson Infrastructure Group (NASDAQ:MIGI) Posts Earnings Results, Meets Expectations

Mawson Infrastructure Group (NASDAQ:MIGI) announced its quarterly earnings results on Friday. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.22), Zacks reports. Mawson Infrastructure Group had a negative net margin of 93.68% and a negative return on equity of 368.57%.

Mawson Infrastructure Group Price Performance

Shares of MIGI traded down $0.01 on Friday, hitting $0.51. The company’s stock had a trading volume of 943,797 shares, compared to its average volume of 251,832. The company has a 50 day moving average price of $0.65 and a 200 day moving average price of $1.11. Mawson Infrastructure Group has a fifty-two week low of $0.44 and a fifty-two week high of $2.45. The company has a market capitalization of $9.45 million, a PE ratio of -0.16 and a beta of 3.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.39 and a quick ratio of 0.39.

About Mawson Infrastructure Group

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.