BIT Mining’s (BTCM) “Neutral” Rating Reiterated at HC Wainwright

HC Wainwright restated their neutral rating on shares of BIT Mining (NYSE:BTCM) in a report released on Thursday morning,Benzinga reports.

BIT Mining Trading Up 13.7 %

BIT Mining stock opened at $3.90 on Thursday. The company’s 50-day moving average price is $2.74 and its two-hundred day moving average price is $2.64. The stock has a market cap of $43.33 million, a price-to-earnings ratio of -2.98 and a beta of 2.54. BIT Mining has a 52 week low of $1.79 and a 52 week high of $6.95.

Hedge Funds Weigh In On BIT Mining

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

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.