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

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

BTC Digital Price Performance

NASDAQ BTCT opened at $1.09 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.79 and a current ratio of 7.79. The firm’s 50 day moving average price is $1.22 and its 200-day moving average price is $1.47. BTC Digital has a 52-week low of $1.07 and a 52-week high of $4.79. The company has a market cap of $10.38 million, a PE ratio of -0.91 and a beta of 5.49.

BTC Digital (NASDAQ:BTCT) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $4.16 million for the quarter. Sell-side analysts forecast that BTC Digital will post -0.81 EPS for the current fiscal year.

About BTC Digital

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.