Mawson Infrastructure Group (NASDAQ:MIGI) Releases Earnings Results, Hits Estimates

Mawson Infrastructure Group (NASDAQ:MIGI) issued its quarterly earnings data on Friday. The company reported ($0.22) EPS for the quarter, hitting the consensus estimate of ($0.22), Zacks reports. Mawson Infrastructure Group had a negative return on equity of 368.57% and a negative net margin of 93.68%.

Mawson Infrastructure Group Stock Performance

Shares of NASDAQ MIGI traded down $0.01 during midday trading on Friday, hitting $0.51. 130,431 shares of the company’s stock traded hands, compared to its average volume of 907,082. 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 capitalization of $9.45 million, a price-to-earnings ratio of -0.16 and a beta of 3.65. The firm has a fifty day moving average of $0.65 and a 200 day moving average of $1.11. Mawson Infrastructure Group has a 1 year low of $0.44 and a 1 year high of $2.45.

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.