Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report)’s share price rose 9.1% during trading on Tuesday . The company traded as high as $1.82 and last traded at $1.79. Approximately 82,030 shares were traded during trading, an increase of 61% from the average daily volume of 51,070 shares. The stock had previously closed at $1.64.
Eightco Price Performance
The company has a debt-to-equity ratio of 0.67, a current ratio of 0.32 and a quick ratio of 0.13. The firm has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $2.69.
Eightco (NASDAQ:OCTO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($1.45) earnings per share for the quarter. Eightco had a negative net margin of 0.39% and a negative return on equity of 439.57%. The business had revenue of $7.02 million during the quarter.
About Eightco
Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023.
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