Riot Blockchain (NASDAQ:RIOT) announced its quarterly earnings results on Saturday. The technology company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04, Fidelity Earnings reports. Riot Blockchain had a negative net margin of 276.54% and a negative return on equity of 66.25%.
Shares of RIOT opened at $3.98 on Monday. The company has a market capitalization of $202.69 million, a P/E ratio of -6.22 and a beta of 3.15. The firm has a 50 day moving average of $3.26 and a 200 day moving average of $2.76. Riot Blockchain has a twelve month low of $0.51 and a twelve month high of $4.58.
In related news, Director Soo Il Benjamin Yi sold 44,068 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $3.50, for a total transaction of $154,238.00. Following the completion of the sale, the director now owns 163,000 shares of the company’s stock, valued at $570,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by company insiders.
Riot Blockchain, Inc, together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem. It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin. The company also holds interests in various activities, including purchasing and selling digital currencies; provides accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and develops TessPay, a payments ecosystem for component and sub-component supply chain settlement solution, as well as other blockchain solutions for telecommunications companies.
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