Shares of Soluna Holdings, Inc. (NASDAQ:SLNH – Get Rating) dropped 14% during mid-day trading on Wednesday . The company traded as low as $0.43 and last traded at $0.43. Approximately 140,322 shares changed hands during trading, an increase of 26% from the average daily volume of 111,411 shares. The stock had previously closed at $0.50.
Soluna Price Performance
The stock's 50-day moving average price is $0.54 and its 200-day moving average price is $2.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.22 and a current ratio of 0.22.
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Soluna (NASDAQ:SLNH – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The company reported ($1.14) earnings per share (EPS) for the quarter. Soluna had a negative return on equity of 46.71% and a negative net margin of 225.20%. The company had revenue of $6.37 million for the quarter.
Institutional Trading of Soluna
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG grew its stake in Soluna by 4,429.2% in the 2nd quarter. UBS Group AG now owns 11,323 shares of the company's stock worth $46,000 after acquiring an additional 11,073 shares during the period. Jane Street Group LLC purchased a new stake in Soluna in the 2nd quarter worth approximately $63,000. Northern Trust Corp grew its stake in Soluna by 21.1% in the 2nd quarter. Northern Trust Corp now owns 19,424 shares of the company's stock worth $79,000 after acquiring an additional 3,382 shares during the period. Savant Capital LLC purchased a new stake in Soluna in the 2nd quarter worth approximately $159,000. Finally, Renaissance Technologies LLC purchased a new stake in Soluna in the 2nd quarter worth approximately $165,000. 5.43% of the stock is owned by hedge funds and other institutional investors.
Soluna Company Profile
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Soluna Holdings, Inc engages in the design, manufacture, and sale of test and measurement instruments and systems that use an array of technologies to solve complex, real-world applications in numerous industries including manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive, and data storage.
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