Galaxy Digital (TSE:GLXY) Trading Down 12.5% – Should You Sell?

Galaxy Digital Holdings Ltd. (TSE:GLXY) shares traded down 12.5% during trading on Tuesday . The company traded as low as C$30.72 and last traded at C$31.67. 448,968 shares changed hands during trading, a decline of 41% from the average session volume of 758,192 shares. The stock had previously closed at C$36.19.

Galaxy Digital Trading Down 16.5%

The stock has a 50 day moving average of C$36.66 and a 200-day moving average of C$40.62. The stock has a market capitalization of C$4.43 billion, a P/E ratio of 41.14 and a beta of 2.30.

Galaxy Digital (TSE:GLXY) last released its earnings results on Tuesday, February 3rd. The company reported C($1.48) earnings per share for the quarter. The business had revenue of C$28.26 billion during the quarter. Galaxy Digital had a return on equity of 83.38% and a net margin of 364.19%. Research analysts anticipate that Galaxy Digital Holdings Ltd. will post 2.1003672 EPS for the current year.

Galaxy Digital Company Profile

Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through five business lines: Trading, Principal investing, Asset management, mining and Investment Banking.