BTC Digital (NASDAQ:BTCT) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of BTC Digital (NASDAQ:BTCT) to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on BTCT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BTC Digital in a report on Wednesday, June 24th. Zacks Research raised shares of BTC Digital to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

BTC Digital Trading Down 8.3%

Shares of BTCT stock opened at $1.76 on Friday. The business’s 50 day moving average is $0.99 and its two-hundred day moving average is $1.13. BTC Digital has a twelve month low of $0.43 and a twelve month high of $3.12. The company has a market capitalization of $16.76 million, a P/E ratio of -1.47 and a beta of 5.85. The company has a current ratio of 7.79, a quick ratio of 7.79 and a debt-to-equity ratio of 0.01.

About BTC Digital

BTC Digital Group, Inc (NASDAQ: METX) is a digital asset platform provider that develops, constructs and operates large-scale cryptocurrency mining facilities. The company integrates hardware procurement, site development and ongoing operations to support efficient, high-performance bitcoin mining. By focusing on modular design and energy-efficient equipment, BTC Digital aims to maximize hash rates and manage costs across its mining portfolio.

The company’s core offerings include turnkey mining infrastructure services, which cover engineering, construction, equipment installation and commissioning.