BIT Mining (NYSE:BTCM) Receives “Neutral” Rating from HC Wainwright

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

BIT Mining Trading Down 2.4 %

BTCM stock opened at $2.05 on Wednesday. The company has a market cap of $30.88 million, a P/E ratio of -1.56 and a beta of 2.61. BIT Mining has a 52 week low of $1.79 and a 52 week high of $4.27. The company’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.58.

BIT Mining (NYSE:BTCM) last released 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 for the quarter, compared to analysts’ expectations of $16.40 million. On average, equities research analysts expect that BIT Mining will post 1 earnings per share for the current year.

Institutional Trading of BIT Mining

A hedge fund recently bought a new stake in BIT Mining stock. SBI Securities Co. Ltd. acquired a new position in BIT Mining Limited (NYSE:BTCM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,964 shares of the company’s stock, valued at approximately $58,000. SBI Securities Co. Ltd. owned approximately 0.15% of BIT Mining as of its most recent SEC filing. Institutional investors and hedge funds 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.