Shares of Digihost Technology Inc. (NASDAQ:DGHI - Get Free Report) traded down 2.4% during trading on Wednesday . The stock traded as low as $2.82 and last traded at $2.87. 338,016 shares changed hands during trading, a decline of 54% from the average session volume of 738,770 shares. The stock had previously closed at $2.94.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and issued a $2.50 price objective on shares of Digihost Technology in a report on Monday, December 16th.
Read Our Latest Research Report on DGHI
Digihost Technology Stock Down 2.0 %
The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $97.00 million, a price-to-earnings ratio of -5.37 and a beta of 5.54. The stock's fifty day moving average price is $2.09 and its 200-day moving average price is $1.62.
Institutional Trading of Digihost Technology
An institutional investor recently raised its position in Digihost Technology stock. Jane Street Group LLC grew its holdings in Digihost Technology Inc. (NASDAQ:DGHI - Free Report) by 108.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,211 shares of the company's stock after purchasing an additional 45,388 shares during the period. Jane Street Group LLC owned about 0.26% of Digihost Technology worth $101,000 at the end of the most recent quarter. 1.93% of the stock is currently owned by institutional investors and hedge funds.
About Digihost Technology
(
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Digihost Technology Inc operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.
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