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

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

Mawson Infrastructure Group Price Performance

NASDAQ MIGI traded down $0.01 during trading on Friday, reaching $0.51. 943,797 shares of the company traded hands, compared to its average volume of 251,832. Mawson Infrastructure Group has a 1-year low of $0.44 and a 1-year high of $2.45. The company has a market cap of $9.45 million, a price-to-earnings ratio of -0.16 and a beta of 3.65. The stock’s 50 day moving average price is $0.65 and its two-hundred day moving average price is $1.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39.

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.