Eightco (NASDAQ:OCTO) Trading Down 3.7% – Here’s Why

Eightco Holdings Inc. (NASDAQ:OCTOGet Free Report) shares fell 3.7% during mid-day trading on Tuesday . The stock traded as low as $1.81 and last traded at $1.82. 14,532 shares were traded during mid-day trading, a decline of 97% from the average session volume of 516,722 shares. The stock had previously closed at $1.89.

Eightco Stock Performance

The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $2.15.

Eightco Company Profile

(Get Free Report)

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023.

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