Metalpha Technology (NASDAQ:MATH) Issues Earnings Results

Metalpha Technology (NASDAQ:MATH) released its quarterly earnings data on Friday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $6.01 million during the quarter.

Metalpha Technology Trading Down 2.4%

Shares of MATH stock opened at $1.21 on Friday. Metalpha Technology has a 1 year low of $1.18 and a 1 year high of $4.17. The firm’s 50 day moving average is $2.01 and its 200-day moving average is $2.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Metalpha Technology in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Metalpha Technology presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Metalpha Technology by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock valued at $35,000 after buying an additional 6,040 shares during the period. HRT Financial LP boosted its holdings in Metalpha Technology by 242.0% in the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock valued at $75,000 after acquiring an additional 25,305 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in Metalpha Technology in the second quarter valued at about $100,000. Institutional investors and hedge funds own 30.53% of the company’s stock.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.