Mawson Infrastructure Group’s (MIGI) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI – Free Report) in a research report report published on Tuesday, PriceTargets.com reports. Cantor Fitzgerald also issued estimates for Mawson Infrastructure Group’s FY2023 earnings at ($0.41) EPS.

Mawson Infrastructure Group Price Performance

Mawson Infrastructure Group stock opened at $3.06 on Tuesday. Mawson Infrastructure Group has a one year low of $1.15 and a one year high of $6.60. The business has a fifty day moving average of $2.55 and a two-hundred day moving average of $2.66.

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Mawson Infrastructure Group (NASDAQ:MIGI – Get Free Report) last released its earnings results on Monday, May 15th. The company reported ($0.80) EPS for the quarter. The business had revenue of $7.67 million during the quarter. Mawson Infrastructure Group had a negative net margin of 71.92% and a negative return on equity of 40.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Mawson Infrastructure Group by 3.8% during the 1st quarter. State Street Corp now owns 156,852 shares of the company’s stock worth $802,000 after buying an additional 5,720 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Mawson Infrastructure Group by 25.2% during the 1st quarter. Penserra Capital Management LLC now owns 49,675 shares of the company’s stock worth $253,000 after buying an additional 10,012 shares during the last quarter. Harvest Portfolios Group Inc. acquired a new position in shares of Mawson Infrastructure Group during the 1st quarter worth $32,000. Credit Suisse AG raised its stake in shares of Mawson Infrastructure Group by 24.4% during the 2nd quarter. Credit Suisse AG now owns 58,300 shares of the company’s stock worth $64,000 after buying an additional 11,430 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Mawson Infrastructure Group during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 4.75% of the company’s stock.

About Mawson Infrastructure Group

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Mawson Infrastructure Group, Inc, a digital infrastructure provider, operates in cryptocurrency mining business in the United States and Australia. It owns and operates modular data centers. The company is based in Sharon, Pennsylvania.

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