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Needham downgraded Bitcoin Investment Trust (OTC:GBTC) from Buy to Hold in a statement released earlier today.

Needham has downgraded Bitcoin Investment Trust (OTC:GBTC) from Buy to Hold in a report released on 9/22/2016.

Previously on Tuesday March 29, 2016, Needham released a statement about Bitcoin Investment Trust (OTC:GBTC) increased the target price from $0.00 to $62.00. At the time, this indicated a possible upside of 0.14%.

Only yesterday Bitcoin Investment Trust (OTC:GBTC) traded -2.70% lower at $93.00. GBTC’s 50-day average is $90.24 and its two hundred day moving average is $84.30. The last closing price is up 6.76% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 2,951 shares of GBTC changing hands under the typical 6,834

See Chart Below

Bitcoin Investment Trust (OTC:GBTC)

Bitcoin Investment Trust has a 52 week low of $26.01 and a 52 week high of $144.00 Bitcoin Investment Trust’s market cap is currently $0.

In addition to Needham reporting its target price, a total of 1 broker has issued a report on the stock. The consensus target price is $60.00 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 0 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Bitcoin Investment Trust (OTC:GBTC)

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