HIVE Blockchain Technologies (NASDAQ:HIVE) Trading Down 5.3%

HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE – Get Rating)’s share price was down 5.3% on Wednesday . The company traded as low as $3.57 and last traded at $3.58. Approximately 1,284,957 shares were traded during trading, a decline of 5% from the average daily volume of 1,358,155 shares. The stock had previously closed at $3.78.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HIVE shares. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 target price on shares of HIVE Blockchain Technologies in a research report on Wednesday, March 22nd. HC Wainwright reissued a “buy” rating and set a $5.00 target price on shares of HIVE Blockchain Technologies in a research report on Wednesday, February 22nd.

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HIVE Blockchain Technologies Stock Performance

The company’s fifty day moving average is $3.11 and its 200 day moving average is $2.79. The company has a market capitalization of $300.40 million, a P/E ratio of -1.18 and a beta of 3.59. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors lifted its stake in HIVE Blockchain Technologies by 786.9% in the 3rd quarter. Captrust Financial Advisors now owns 10,448 shares of the company’s stock worth $39,000 after purchasing an additional 9,270 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of HIVE Blockchain Technologies during the 3rd quarter valued at $44,000. Tower Research Capital LLC TRC raised its position in shares of HIVE Blockchain Technologies by 154.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,072 shares of the company’s stock valued at $56,000 after buying an additional 9,153 shares in the last quarter. UBS Group AG raised its position in shares of HIVE Blockchain Technologies by 174.5% during the 3rd quarter. UBS Group AG now owns 17,829 shares of the company’s stock valued at $67,000 after buying an additional 11,333 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of HIVE Blockchain Technologies during the 4th quarter valued at $29,000. 12.55% of the stock is owned by institutional investors.

HIVE Blockchain Technologies Company Profile

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HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.

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