Soluna Holdings, Inc. (NASDAQ:SLNH) Director Sells $35,530.00 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 11,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $3.23, for a total value of $35,530.00. Following the completion of the sale, the director now owns 79,100 shares in the company, valued at $255,493. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Michael Toporek also recently made the following trade(s):

• On Thursday, November 7th, Michael Toporek sold 24,420 shares of Soluna stock. The stock was sold at an average price of $3.59, for a total value of $87,667.80.

Soluna Stock Performance

Shares of SLNH stock opened at $3.62 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. Soluna Holdings, Inc. has a one year low of $1.40 and a one year high of $8.80. The business’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.93. The stock has a market capitalization of $28.82 million, a PE ratio of -0.20 and a beta of 2.93.

Soluna (NASDAQ:SLNH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($1.74) EPS for the quarter. Soluna had a negative net margin of 77.32% and a negative return on equity of 43.44%. The firm had revenue of $9.68 million during the quarter.

Institutional Trading of Soluna

An institutional investor recently bought a new position in Soluna stock. Coastal Bridge Advisors LLC acquired a new stake in Soluna Holdings, Inc. (NASDAQ:SLNH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $61,000. Coastal Bridge Advisors LLC owned 0.26% of Soluna at the end of the most recent reporting period. 23.19% of the stock is owned by hedge funds and other institutional investors.

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.