ATB Capital Has Lowered Expectations for Bitfarms (TSE:BITF) Stock Price

Bitfarms (TSE:BITF) had its target price trimmed by ATB Capital from C$7.00 to C$6.50 in a research note released on Thursday morning,BayStreet.CA reports.

Bitfarms Price Performance

TSE BITF opened at C$3.17 on Thursday. Bitfarms has a fifty-two week low of C$1.37 and a fifty-two week high of C$5.25. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. The company has a market capitalization of C$1.44 billion, a PE ratio of -6.34 and a beta of 3.20. The business’s fifty day moving average is C$2.81 and its 200 day moving average is C$3.06.

About Bitfarms

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.