Riot Blockchain (RIOT) Shares Down 7.8%
Riot Blockchain Inc (NASDAQ:RIOT)’s share price traded down 7.8% during mid-day trading on Wednesday . The stock traded as low as $5.57 and last traded at $5.71. 559,160 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,372,742 shares. The stock had previously closed at $6.19.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Riot Blockchain from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. HC Wainwright assumed coverage on shares of Riot Blockchain in a research note on Friday, May 11th. They issued a “buy” rating and a $9.00 price objective on the stock.
The company has a market capitalization of $80.14 million, a PE ratio of -2.10 and a beta of 2.50.
About Riot Blockchain (NASDAQ:RIOT)
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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