DMG Blockchain Solutions (CVE:DMGI) Stock Price Up 1.7% - Still a Buy?

Key Points

• Shares rose 1.7% to C$0.30 on Friday, but trading was light at roughly 70,000 shares—about an 81% decline from its average daily volume.
• Analyst downgrade: HC Wainwright cut DMG from "buy" to "neutral" on Feb. 27, and the consensus rating on the stock is currently "Hold."
• Weak fundamentals: Market cap is about C$60.9M, the company has a negative P/E (-7.38) and a very high debt-to-equity ratio (16.66), while the 50-day moving average (C$0.25) sits below the 200-day (C$0.30).

DMG Blockchain Solutions Inc. (CVE:DMGI - Get Free Report)'s share price rose 1.7% on Friday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 70,000 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 369,553 shares. The stock had previously closed at C$0.29.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered DMG Blockchain Solutions from a "buy" rating to a "neutral" rating in a report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

DMG Blockchain Solutions Price Performance

The company has a market capitalization of C$60.87 million, a P/E ratio of -7.38 and a beta of 1.82. The company has a fifty day moving average price of C$0.25 and a 200 day moving average price of C$0.30. The company has a debt-to-equity ratio of 16.66, a current ratio of 2.69 and a quick ratio of 1.19.

About DMG Blockchain Solutions

DMG Blockchain Solutions Inc operates as a blockchain and crypto-currency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services. In addition, the company provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, high and low voltage power design and engineering, and facility power distribution design and engineering.

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