BidaskClub Lowers Riot Blockchain (NASDAQ:RIOT) to Buy

BidaskClub cut shares of Riot Blockchain (NASDAQ:RIOT) from a strong-buy rating to a buy rating in a report issued on Saturday, December 30th.

Riot Blockchain (NASDAQ RIOT) opened at $21.88 on Friday. Riot Blockchain has a 52-week low of $3.02 and a 52-week high of $46.20.

Riot Blockchain (NASDAQ:RIOT) last released its earnings results on Monday, November 13th. The technology company reported ($0.99) earnings per share (EPS) for the quarter. Riot Blockchain had a negative net margin of 11,828.57% and a negative return on equity of 82.70%.

In other news, CEO John R. O’rourke III sold 30,383 shares of Riot Blockchain stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $28.61, for a total transaction of $869,257.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by insiders.

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About Riot Blockchain

Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.

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