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

BIT Mining (NYSE:BTCM)‘s stock had its “neutral” rating restated by equities research analysts at HC Wainwright in a research note issued on Thursday,Benzinga reports.

BIT Mining Stock Up 13.7 %

Shares of BTCM stock opened at $3.90 on Thursday. BIT Mining has a twelve month low of $1.79 and a twelve month high of $6.95. The stock’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $2.63. The firm has a market capitalization of $43.33 million, a P/E ratio of -2.78 and a beta of 2.54.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BIT Mining stock. XTX Topco Ltd bought a new position in shares of BIT Mining Limited (NYSE:BTCM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 22,288 shares of the company’s stock, valued at approximately $59,000. XTX Topco Ltd owned 0.20% of BIT Mining at the end of the most recent quarter. 5.34% of the stock is owned by institutional investors and hedge funds.

About BIT Mining

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.