Soluna (NASDAQ:SLNH) Issues Quarterly Earnings Results

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

Soluna Stock Up 7.4 %

Shares of Soluna stock opened at $0.69 on Tuesday. Soluna has a 12-month low of $0.52 and a 12-month high of $8.80. The firm has a market capitalization of $5.74 million, a PE ratio of -0.04 and a beta of 3.03. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $1.40 and its 200-day moving average is $2.51.

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.