DMG Blockchain Solutions (CVE:DMGI) Downgraded by HC Wainwright to Neutral

DMG Blockchain Solutions (CVE:DMGI) was downgraded by research analysts at HC Wainwright from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports.

DMG Blockchain Solutions Price Performance

Shares of CVE DMGI remained flat at C$0.24 during trading hours on Friday. The stock had a trading volume of 163,642 shares, compared to its average volume of 488,780. DMG Blockchain Solutions has a 12 month low of C$0.19 and a 12 month high of C$0.64. The company has a debt-to-equity ratio of 16.56, a current ratio of 2.17 and a quick ratio of 1.19. The firm’s fifty day moving average price is C$0.26 and its 200 day moving average price is C$0.33. The stock has a market capitalization of C$48.21 million, a PE ratio of -4.70 and a beta of 2.47.

About DMG Blockchain Solutions

DMG Blockchain Solutions Inc operates as a blockchain and crypto-currency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services. In addition, the company provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, high and low voltage power design and engineering, and facility power distribution design and engineering.