BTCS (OTCMKTS:BTCS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of BTCS Inc. (OTCMKTS:BTCS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.42 and traded as low as $1.14. BTCS shares last traded at $1.25, with a volume of 142,894 shares.

BTCS Price Performance

The company has a market cap of $19.63 million, a PE ratio of 0.97 and a beta of 1.52. The business has a 50-day moving average of $1.22 and a 200 day moving average of $1.42.

BTCS (OTCMKTS:BTCS) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.40 million. BTCS had a negative return on equity of 43.20% and a negative net margin of 370.07%. On average, equities analysts predict that BTCS Inc. will post -0.33 EPS for the current fiscal year.

BTCS Company Profile

BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms.