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

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

Mawson Infrastructure Group Trading Down 1.8 %

The stock has a market capitalization of $18.20 million, a PE ratio of -0.31 and a beta of 3.23. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $1.47 and a 200-day moving average price of $1.41.

Institutional Investors Weigh In On Mawson Infrastructure Group

An institutional investor recently bought a new position in Mawson Infrastructure Group stock. Regal Partners Ltd acquired a new stake in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) in the third quarter, according to its most recent filing with the SEC. The fund acquired 32,135 shares of the company’s stock, valued at approximately $40,000. Regal Partners Ltd owned approximately 0.17% of Mawson Infrastructure Group at the end of the most recent quarter. 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.