Soluna Holdings, Inc. (NASDAQ:SLNH – Get Free Report) shares shot up 11.1% during trading on Wednesday . The stock traded as high as $2.95 and last traded at $2.70. 21,016 shares were traded during mid-day trading, a decline of 27% from the average session volume of 28,869 shares. The stock had previously closed at $2.43.
Soluna Price Performance
The business has a 50 day moving average of $3.93 and a two-hundred day moving average of $5.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 0.52.
Soluna (NASDAQ:SLNH – Get Free Report) last announced its earnings results on Monday, August 14th. The company reported ($6.75) earnings per share (EPS) for the quarter. The business had revenue of $2.07 million for the quarter. Soluna had a negative net margin of 329.54% and a negative return on equity of 91.39%.
Hedge Funds Weigh In On Soluna
Soluna Company Profile
Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. The company operates through two segments, Cryptocurrency Mining and Data Center Hosting. It also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.
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