Bit Origin (NASDAQ:BTOG) Releases Quarterly Earnings Results

Bit Origin (NASDAQ:BTOG) announced its earnings results on Tuesday. The company reported ($6.67) earnings per share (EPS) for the quarter, reports.

Bit Origin Trading Down 0.8%

NASDAQ BTOG opened at $1.24 on Thursday. Bit Origin has a 12 month low of $1.13 and a 12 month high of $60.60. The company’s fifty day moving average price is $1.83 and its two-hundred day moving average price is $4.04.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Bit Origin in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Bit Origin has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Bit Origin stock. XTX Topco Ltd lifted its position in shares of Bit Origin Limited (NASDAQ:BTOG) by 240.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,720 shares of the company’s stock after acquiring an additional 119,136 shares during the period. XTX Topco Ltd owned about 17.22% of Bit Origin worth $29,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.07% of the company’s stock.

About Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.