Shares of BIT Mining Limited Sponsored ADR (NYSE:BTCM - Get Free Report) dropped 4.3% during mid-day trading on Tuesday . The company traded as low as $4.11 and last traded at $4.17. Approximately 1,659,026 shares were traded during trading, an increase of 91% from the average daily volume of 869,560 shares. The stock had previously closed at $4.36.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a "neutral" rating on shares of BIT Mining in a research report on Friday, April 11th.
View Our Latest Stock Analysis on BTCM
BIT Mining Stock Performance
The business's 50-day moving average price is $2.35 and its 200-day moving average price is $2.18. The stock has a market cap of $65.86 million, a P/E ratio of -3.34 and a beta of 3.13.
About BIT Mining
(
Get Free Report)
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.
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