Mawson Infrastructure Group (NASDAQ:MIGI) Posts Quarterly Earnings Results, Meets Expectations

Mawson Infrastructure Group (NASDAQ:MIGI) issued its quarterly earnings data on Friday. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22), Zacks reports. The business had revenue of $15.07 million for the quarter, compared to analyst estimates of $14.40 million. 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

MIGI stock opened at $0.51 on Friday. The stock has a market cap of $9.45 million, a PE ratio of -0.16 and a beta of 3.65. The stock has a 50-day moving average price of $0.64 and a two-hundred day moving average price of $1.10. Mawson Infrastructure Group has a 1 year low of $0.44 and a 1 year high of $2.45. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09.

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.