Greenidge Generation (NASDAQ:GREE) Shares Down 4.2% – Here’s Why

Greenidge Generation Holdings Inc. (NASDAQ:GREEGet Free Report) traded down 4.2% on Friday . The stock traded as low as $1.09 and last traded at $1.14. Approximately 393,438 shares changed hands during trading, an increase of 24% from the average session volume of 316,090 shares. The stock had previously closed at $1.19.

Greenidge Generation Stock Performance

The business has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $2.04.

Greenidge Generation (NASDAQ:GREEGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.07). The company had revenue of $12.35 million during the quarter.

Greenidge Generation Company Profile

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Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.

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