Greenidge Generation (NASDAQ:GREE) Shares Up 4.9%

Greenidge Generation Holdings Inc. (NASDAQ:GREEGet Rating) shot up 4.9% during mid-day trading on Friday . The stock traded as high as $3.45 and last traded at $3.41. 457,006 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 553,871 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their target price on shares of Greenidge Generation from $25.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd.

Greenidge Generation Stock Performance

The stock’s fifty day moving average price is $3.21 and its 200 day moving average price is $6.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.48.

Greenidge Generation (NASDAQ:GREEGet Rating) last issued its quarterly earnings results on Monday, May 16th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.13. The company had revenue of $37.66 million during the quarter, compared to the consensus estimate of $36.90 million. Research analysts expect that Greenidge Generation Holdings Inc. will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Greenidge Generation

Several institutional investors and hedge funds have recently made changes to their positions in GREE. Equitec Proprietary Markets LLC boosted its position in Greenidge Generation by 22.2% during the 1st quarter. Equitec Proprietary Markets LLC now owns 16,125 shares of the company’s stock valued at $139,000 after buying an additional 2,925 shares during the period. Advisor Group Holdings Inc. boosted its position in Greenidge Generation by 149.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,509 shares of the company’s stock valued at $89,000 after buying an additional 3,297 shares during the period. JPMorgan Chase & Co. boosted its position in Greenidge Generation by 418.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,996 shares of the company’s stock valued at $69,000 after buying an additional 6,454 shares during the period. Invesco Ltd. boosted its position in Greenidge Generation by 43.9% during the 1st quarter. Invesco Ltd. now owns 27,607 shares of the company’s stock valued at $237,000 after buying an additional 8,416 shares during the period. Finally, Citigroup Inc. boosted its position in Greenidge Generation by 82.1% during the 1st quarter. Citigroup Inc. now owns 21,849 shares of the company’s stock valued at $188,000 after buying an additional 9,850 shares during the period. Institutional investors own 20.49% of the company’s stock.

Greenidge Generation Company Profile

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Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.

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