Argo Blockchain (NASDAQ:ARBK) Now Covered by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods started coverage on shares of Argo Blockchain (NASDAQ:ARBK) in a report issued on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an underperform rating on the stock.

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Argo Blockchain in a research report on Thursday, November 21st.

Argo Blockchain Price Performance

Shares of ARBK opened at $0.60 on Wednesday. The company has a 50 day moving average price of $0.89 and a 200-day moving average price of $1.12. Argo Blockchain has a fifty-two week low of $0.52 and a fifty-two week high of $3.13. The stock has a market capitalization of $42.86 million, a PE ratio of -0.83 and a beta of 1.97. The company has a debt-to-equity ratio of 5.06, a quick ratio of 0.52 and a current ratio of 0.52.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARBK. XTX Topco Ltd bought a new position in shares of Argo Blockchain during the 2nd quarter worth approximately $28,000. Cubist Systematic Strategies LLC bought a new position in shares of Argo Blockchain during the 2nd quarter worth approximately $49,000. Jane Street Group LLC raised its stake in shares of Argo Blockchain by 488.7% during the 3rd quarter. Jane Street Group LLC now owns 976,414 shares of the company’s stock worth $1,181,000 after acquiring an additional 810,559 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Argo Blockchain during the 3rd quarter worth approximately $28,000. Institutional investors own 2.42% of the company’s stock.

About Argo Blockchain

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.