ALT5 Sigma (NASDAQ:AIFC – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. ALT5 Sigma had a negative return on equity of 51.87% and a negative net margin of 4,021.65%. The company had revenue of $0.25 million for the quarter.
ALT5 Sigma Stock Down 7.6%
NASDAQ AIFC opened at $0.17 on Friday. ALT5 Sigma has a 52 week low of $0.16 and a 52 week high of $2.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a fifty day moving average of $0.40 and a 200-day moving average of $0.81.
Hedge Funds Weigh In On ALT5 Sigma
A hedge fund recently raised its stake in ALT5 Sigma stock. Private Advisor Group LLC increased its position in ALT5 Sigma Corporation (NASDAQ:AIFC – Free Report) by 138.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,857 shares of the company’s stock after purchasing an additional 55,000 shares during the quarter. Private Advisor Group LLC owned approximately 0.08% of ALT5 Sigma worth $105,000 as of its most recent SEC filing. Institutional investors own 6.27% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of ALT5 Sigma from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Research Report on AIFC
About ALT5 Sigma
ALT5 Sigma Corporation is a financial technology company focused on blockchain-based digital asset solutions. The company develops and operates technology intended to help businesses and institutions accept, process, trade and manage digital assets. Its offerings include ALT5 Pay, a cryptocurrency payment gateway designed to support merchant transactions and conversions between digital assets and traditional currencies, and ALT5 Prime, a digital asset trading platform serving institutional and other professional users.
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