Mawson Infrastructure Group (NASDAQ:MIGI) Trading Down 1.8% – What’s Next?

Mawson Infrastructure Group Inc. (NASDAQ:MIGI)’s share price was down 1.8% on Friday . The company traded as low as $0.93 and last traded at $0.97. Approximately 780,478 shares traded hands during trading, an increase of 3% from the average daily volume of 757,239 shares. The stock had previously closed at $0.99.

Mawson Infrastructure Group Stock Performance

The firm has a market cap of $18.20 million, a price-to-earnings ratio of -0.31 and a beta of 3.23. The firm’s 50 day moving average is $1.47 and its 200-day moving average is $1.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Regal Partners Ltd bought a new position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,135 shares of the company’s stock, valued at approximately $40,000. Regal Partners Ltd owned 0.17% of Mawson Infrastructure Group as of its most recent SEC filing. 6.86% of the stock is currently owned by institutional investors and hedge funds.

Mawson Infrastructure Group Company Profile

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.