Jane Street Group LLC Buys 810,559 Shares of Argo Blockchain plc (NASDAQ:ARBK)

Jane Street Group LLC raised its position in shares of Argo Blockchain plc (NASDAQ:ARBK) by 488.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 976,414 shares of the company’s stock after purchasing an additional 810,559 shares during the period. Jane Street Group LLC’s holdings in Argo Blockchain were worth $1,181,000 at the end of the most recent reporting period.

Separately, Cubist Systematic Strategies LLC bought a new position in shares of Argo Blockchain in the second quarter worth about $49,000. 2.42% of the stock is currently owned by hedge funds and other institutional investors.

Argo Blockchain Price Performance

ARBK stock opened at $0.61 on Monday. The company has a debt-to-equity ratio of 5.06, a quick ratio of 0.52 and a current ratio of 0.52. The company’s fifty day moving average price is $0.99 and its 200-day moving average price is $1.16. Argo Blockchain plc has a one year low of $0.58 and a one year high of $4.45. The company has a market capitalization of $38.82 million, a PE ratio of -0.85 and a beta of 1.81.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “neutral” rating on shares of Argo Blockchain in a research note on Thursday, November 21st.

Argo Blockchain Company Profile

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.