BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR - Get Free Report) dropped 5.5% during mid-day trading on Thursday . The company traded as low as $56.82 and last traded at $56.71. Approximately 18,262,606 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 19,431,012 shares. The stock had previously closed at $60.00.
Analysts Set New Price Targets
Separately, ThinkEquity raised shares of BitMine Immersion Technologies to a "strong-buy" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, BitMine Immersion Technologies currently has an average rating of "Strong Buy".
Check Out Our Latest Report on BitMine Immersion Technologies
BitMine Immersion Technologies Trading Down 1.5%
The firm has a market cap of $16.52 billion and a PE ratio of -134.32. The business has a 50-day moving average price of $50.69.
Hedge Funds Weigh In On BitMine Immersion Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of BitMine Immersion Technologies in the second quarter worth about $374,000. Lauer Wealth LLC purchased a new stake in shares of BitMine Immersion Technologies in the second quarter worth about $363,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of BitMine Immersion Technologies in the second quarter worth about $508,000. Sassicaia Capital Advisers LLC purchased a new stake in shares of BitMine Immersion Technologies in the second quarter worth about $1,570,000. Finally, Marex Group plc purchased a new stake in shares of BitMine Immersion Technologies in the second quarter worth about $465,000.
About BitMine Immersion Technologies
(
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BitMine Immersion Technologies Inc focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc is based in ATLANTA, GA.
Further Reading
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