Greenidge Generation (NASDAQ:GREE – Get Rating) had its target price cut by B. Riley from $4.00 to $2.00 in a research report report published on Tuesday, The Fly reports.
Separately, Stifel Nicolaus lowered shares of Greenidge Generation from a hold rating to a sell rating in a research note on Tuesday, November 15th.
Greenidge Generation Stock Performance
Greenidge Generation stock opened at $0.45 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.99. The firm has a market capitalization of $19.33 million, a price-to-earnings ratio of -0.11 and a beta of 3.41. Greenidge Generation has a 52-week low of $0.22 and a 52-week high of $12.68.
Insider Transactions at Greenidge Generation
Institutional Trading of Greenidge Generation
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC lifted its stake in Greenidge Generation by 494.1% during the fourth quarter. Vident Investment Advisory LLC now owns 156,318 shares of the company’s stock valued at $45,000 after purchasing an additional 130,005 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Greenidge Generation by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 356,450 shares of the company’s stock valued at $103,000 after purchasing an additional 47,650 shares during the last quarter. State Street Corp lifted its stake in Greenidge Generation by 18.5% during the third quarter. State Street Corp now owns 222,743 shares of the company’s stock valued at $445,000 after purchasing an additional 34,844 shares during the last quarter. Annandale Capital LLC acquired a new stake in Greenidge Generation during the third quarter valued at approximately $70,000. Finally, Russell Investments Group Ltd. acquired a new stake in Greenidge Generation during the third quarter valued at approximately $183,000. 7.91% of the stock is owned by institutional investors and hedge funds.
Greenidge Generation Company Profile
Greenidge Generation Holdings, Inc owns and operates a vertically integrated Bitcoin mining and power generation facility. It engages in the mining of Bitcoin and contributes to the security and transactability of the Bitcoin ecosystem while concurrently meeting the power needs of homes and businesses.
- Get a free copy of the StockNews.com research report on Greenidge Generation (GREE)
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