SOS (NYSE:SOS – Get Free Report) released its earnings results on Wednesday. The company reported ($1.04) earnings per share for the quarter, FiscalAI reports. The business had revenue of $24.41 million during the quarter.
SOS Trading Down 0.7%
SOS opened at $0.30 on Friday. SOS has a one year low of $0.27 and a one year high of $2.25. The business’s 50-day simple moving average is $0.70 and its 200-day simple moving average is $0.94.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of SOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
About SOS
SOS Limited (NYSE: SOS) is a technology company that provides blockchain and cryptocurrency-related services. Its activities have included digital asset mining, cryptocurrency operations, and the development of technology and computing infrastructure supporting blockchain applications.
The company has also described its business as including cloud-based marketing and data services, as well as solutions related to emergency rescue, insurance, healthcare, and consumer finance. Its business focus has evolved over time, with cryptocurrency mining and blockchain-related activities becoming a significant part of its operations.
SOS Limited is incorporated in the Cayman Islands and has historically conducted business primarily in China, while also pursuing digital asset and mining opportunities in other markets, including North America.
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