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

Mawson Infrastructure Group Inc. (NASDAQ:MIGI)’s stock price was down 1.8% during trading on Friday . The stock traded as low as $0.93 and last traded at $0.97. Approximately 780,478 shares were traded during mid-day 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 Down 1.8 %

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

Institutional Trading of Mawson Infrastructure Group

A hedge fund recently raised its stake in Mawson Infrastructure Group stock. Jane Street Group LLC lifted its stake in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 305.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,619 shares of the company’s stock after purchasing an additional 50,945 shares during the quarter. Jane Street Group LLC owned 0.36% of Mawson Infrastructure Group worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.