BIT Mining (NYSE:BTCM) Releases Earnings Results

BIT Mining (NYSE:BTCM) released its earnings results on Friday. The company reported ($0.16) earnings per share for the quarter, Zacks reports.

BIT Mining Price Performance

BIT Mining stock traded up $0.08 during mid-day trading on Friday, hitting $2.01. The company’s stock had a trading volume of 40,213 shares, compared to its average volume of 69,288. The business has a 50 day moving average price of $2.56 and a 200-day moving average price of $2.59. BIT Mining has a 12 month low of $1.79 and a 12 month high of $4.27. The stock has a market cap of $30.22 million, a price-to-earnings ratio of -1.53 and a beta of 2.56.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “neutral” rating on shares of BIT Mining in a research note on Thursday, December 5th.

About BIT Mining

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.