Soluna (NASDAQ:SLNH) Issues Quarterly Earnings Results

Soluna (NASDAQ:SLNH) released its earnings results on Tuesday. The company reported ($6.15) earnings per share for the quarter, Zacks reports. Soluna had a negative return on equity of 45.29% and a negative net margin of 75.30%.

Soluna Trading Up 7.4 %

Shares of Soluna stock opened at $0.69 on Tuesday. The business has a fifty day simple moving average of $1.40 and a 200-day simple moving average of $2.51. The firm has a market cap of $5.74 million, a price-to-earnings ratio of -0.04 and a beta of 3.03. Soluna has a fifty-two week low of $0.52 and a fifty-two week high of $8.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.