Soluna (NASDAQ:SLNH) Announces Quarterly Earnings Results

Soluna (NASDAQ:SLNH) posted its quarterly earnings data on Friday. The company reported ($0.88) EPS for the quarter, Zacks reports. Soluna had a negative return on equity of 45.29% and a negative net margin of 75.30%. The business had revenue of $5.94 million for the quarter.

Soluna Stock Up 3.8%

Shares of Soluna stock opened at $0.84 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $11.41 million, a PE ratio of -0.06 and a beta of 3.86. Soluna has a 52-week low of $0.36 and a 52-week high of $8.80. The company has a 50-day simple moving average of $0.77 and a two-hundred day simple moving average of $1.82.

Soluna Company Profile

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.