BIT Mining (NYSE:BTCM – Get Free Report) released its earnings results on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports.
BIT Mining Price Performance
Shares of BIT Mining stock traded up $0.08 on Friday, reaching $2.01. 37,225 shares of the company were exchanged, compared to its average volume of 69,288. The stock’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.59. The company has a market cap of $30.22 million, a P/E ratio of -1.53 and a beta of 2.56. BIT Mining has a 1-year low of $1.79 and a 1-year high of $4.27.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a “neutral” rating on shares of BIT Mining in a research note on Thursday, December 5th.
BIT Mining Company Profile
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.
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