BTC Digital (NASDAQ:BTCT) Upgraded by Zacks Research to “Hold” Rating

BTC Digital (NASDAQ:BTCT) was upgraded by analysts at Zacks Research to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

BTC Digital Stock Performance

Shares of NASDAQ:BTCT opened at $1.09 on Monday. The firm has a market cap of $10.38 million, a PE ratio of -0.91 and a beta of 5.49. The firm’s 50 day simple moving average is $1.22 and its 200-day simple moving average is $1.47. BTC Digital has a one year low of $1.07 and a one year high of $4.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.79 and a current ratio of 7.79.

BTC Digital (NASDAQ:BTCT) last issued its earnings results on Monday, May 11th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $4.16 million for the quarter. As a group, equities analysts predict that BTC Digital will post -0.81 EPS for the current year.

BTC Digital Company Profile

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.