BIT Mining (NYSE:BTCM) Trading Down 0.9%

BIT Mining Limited (NYSE:BTCM) traded down 0.9% during mid-day trading on Monday . The stock traded as low as $2.12 and last traded at $2.20. 55,509 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 120,649 shares. The stock had previously closed at $2.22.

BIT Mining Trading Down 0.9 %

The stock has a market capitalization of $24.45 million, a price-to-earnings ratio of -1.68 and a beta of 2.55. The firm has a 50-day moving average of $2.74 and a 200 day moving average of $2.92.

Hedge Funds Weigh In On BIT Mining

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in BIT Mining during the second quarter valued at $59,000. Tower Research Capital LLC TRC acquired a new stake in shares of BIT Mining during the 4th quarter worth approximately $27,000. Finally, Cerity Partners LLC bought a new stake in shares of BIT Mining in the 4th quarter worth approximately $50,000. 5.34% of the stock is currently owned by hedge funds and other institutional investors.

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.