Coastal Bridge Advisors LLC Buys Shares of 10,000 Soluna Holdings, Inc. (NASDAQ:SLNH)

Coastal Bridge Advisors LLC purchased a new position in Soluna Holdings, Inc. (NASDAQ:SLNH) during the second quarter, HoldingsChannel.com reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $61,000.

Soluna Price Performance

Shares of NASDAQ:SLNH opened at $3.39 on Friday. The company has a market cap of $13.29 million, a PE ratio of -0.15 and a beta of 2.95. Soluna Holdings, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.80. The firm has a 50-day simple moving average of $4.11 and a 200 day simple moving average of $3.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.

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

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.