SBI Securities Co. Ltd. Invests $58,000 in BIT Mining Limited (NYSE:BTCM)

SBI Securities Co. Ltd. purchased a new stake in BIT Mining Limited (NYSE:BTCM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,964 shares of the company’s stock, valued at approximately $58,000. SBI Securities Co. Ltd. owned about 0.15% of BIT Mining as of its most recent SEC filing.

BIT Mining Stock Performance

Shares of NYSE:BTCM opened at $1.85 on Tuesday. The company has a 50 day moving average price of $2.45 and a two-hundred day moving average price of $2.58. The company has a market capitalization of $27.81 million, a PE ratio of -1.41 and a beta of 2.61. BIT Mining Limited has a 52 week low of $1.79 and a 52 week high of $4.27.

BIT Mining (NYSE:BTCM) last announced its earnings results on Friday, February 28th. The company reported ($0.16) EPS for the quarter. The business had revenue of $8.79 million for the quarter, compared to analysts’ expectations of $16.40 million. On average, sell-side analysts forecast that BIT Mining Limited will post 1 earnings per share for the current year.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “neutral” rating on shares of BIT Mining in a report on Wednesday, March 5th.

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.