Shares of Riot Blockchain Inc (NASDAQ:RIOT) saw unusually-strong trading volume on Monday . Approximately 12,770 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 506,023 shares.The stock last traded at $2.02 and had previously closed at $2.37.

Separately, Zacks Investment Research raised shares of Riot Blockchain from a “sell” rating to a “hold” rating in a report on Saturday, November 10th.

The firm has a market cap of $32.24 million, a PE ratio of -0.76 and a beta of 2.70.

Riot Blockchain (NASDAQ:RIOT) last announced its earnings results on Monday, November 19th. The technology company reported ($0.46) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.15. Riot Blockchain had a negative net margin of 882.55% and a negative return on equity of 91.55%. The firm had revenue of $2.37 million for the quarter, compared to analyst estimates of $1.90 million.

A hedge fund recently raised its stake in Riot Blockchain stock. Vanguard Group Inc boosted its stake in Riot Blockchain Inc (NASDAQ:RIOT) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 490,146 shares of the technology company’s stock after purchasing an additional 10,493 shares during the quarter. Vanguard Group Inc owned about 3.38% of Riot Blockchain worth $1,789,000 as of its most recent SEC filing. Institutional investors own 8.82% of the company’s stock.

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Riot Blockchain Company Profile (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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