Solesence (NASDAQ:SLSN) Posts Quarterly Earnings Results

Solesence (NASDAQ:SLSN) released its quarterly earnings data on Tuesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. Solesence had a return on equity of 10.50% and a net margin of 2.88%.The company had revenue of $12.96 million for the quarter.

Solesence Price Performance

Solesence stock opened at $1.24 on Wednesday. Solesence has a 52 week low of $0.78 and a 52 week high of $5.63. The company has a quick ratio of 0.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $1.13 and its 200 day simple moving average is $1.65. The firm has a market capitalization of $87.58 million, a PE ratio of 62.03 and a beta of 1.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Solesence in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Solesence has a consensus rating of “Sell”.

Hedge Funds Weigh In On Solesence

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in Solesence in the second quarter worth approximately $26,000. JPMorgan Chase & Co. bought a new stake in Solesence during the second quarter worth approximately $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Solesence during the second quarter valued at approximately $45,000. Goldman Sachs Group Inc. acquired a new position in Solesence during the fourth quarter valued at approximately $30,000. Finally, New York State Common Retirement Fund bought a new position in shares of Solesence in the second quarter valued at approximately $95,000. Institutional investors and hedge funds own 70.22% of the company’s stock.

About Solesence

Nanophase Technologies Corporation provides engineered materials, formulation development, and commercial manufacturing with an integrated family of technologies in the United States. It offers surface engineered zinc oxide and titanium dioxide for sunscreens and personal care products; fully formulated cosmetics, sun care, and skin care under the Solésence brand name; and advanced materials products, such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and various surface finishing technologies applications.