Soluna Holdings, Inc. (NASDAQ:SLNH - Get Free Report) Director Michael Toporek sold 8,000 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $3.44, for a total value of $27,520.00. Following the sale, the director now directly owns 142,000 shares in the company, valued at $488,480. This trade represents a 5.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Soluna Trading Down 10.5 %
SLNH opened at $0.89 on Friday. Soluna Holdings, Inc. has a 12 month low of $0.85 and a 12 month high of $8.80. The stock has a fifty day moving average price of $1.43 and a 200-day moving average price of $2.53. The firm has a market cap of $7.49 million, a price-to-earnings ratio of -0.06 and a beta of 3.03. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.
Hedge Funds Weigh In On Soluna
Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Soluna in the 3rd quarter valued at about $36,000. State Street Corp purchased a new stake in Soluna during the third quarter valued at approximately $36,000. Arcadia Wealth Management Inc. acquired a new stake in Soluna in the fourth quarter valued at approximately $42,000. Dimensional Fund Advisors LP grew its holdings in Soluna by 67.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,041 shares of the company's stock worth $48,000 after purchasing an additional 9,264 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Soluna during the fourth quarter worth $82,000. 23.19% of the stock is currently owned by institutional investors.
About Soluna
(
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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.
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