Digihost Technology (NASDAQ:DGHI) Stock Price Down 0.9%

Shares of Digihost Technology Inc. (NASDAQ:DGHI) dropped 0.9% during mid-day trading on Friday . The company traded as low as $1.09 and last traded at $1.10. Approximately 39,466 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 109,699 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.50 target price on shares of Digihost Technology in a research note on Friday, May 31st.

Digihost Technology Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $32.29 million, a P/E ratio of -3.79 and a beta of 5.37. The firm’s fifty day moving average price is $1.28 and its 200-day moving average price is $1.37.

Digihost Technology (NASDAQ:DGHI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. Digihost Technology had a negative return on equity of 26.99% and a negative net margin of 27.10%. The firm had revenue of $9.23 million during the quarter, compared to analyst estimates of $8.10 million. As a group, equities research analysts forecast that Digihost Technology Inc. will post -0.48 earnings per share for the current year.

Hedge Funds Weigh In On Digihost Technology

An institutional investor recently bought a new position in Digihost Technology stock. Tocqueville Asset Management L.P. bought a new position in Digihost Technology Inc. (NASDAQ:DGHI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,847 shares of the company’s stock, valued at approximately $45,000. Tocqueville Asset Management L.P. owned 0.11% of Digihost Technology at the end of the most recent reporting period. Institutional investors own 1.93% of the company’s stock.

About Digihost Technology

Digihost Technology Inc operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.