Seven Stars Cloud Group (SSC) Sees Large Volume Increase
Shares of Seven Stars Cloud Group Inc (NASDAQ:SSC) saw unusually-strong trading volume on Thursday . Approximately 1,334,747 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 1,029,501 shares.The stock last traded at $3.93 and had previously closed at $3.53.
Separately, BidaskClub cut Seven Stars Cloud Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd.
Seven Stars Cloud Group (NASDAQ:SSC) last issued its quarterly earnings results on Monday, August 13th. The technology company reported ($0.12) EPS for the quarter. Seven Stars Cloud Group had a negative return on equity of 72.38% and a negative net margin of 5.37%. The company had revenue of $132.99 million during the quarter.
Seven Stars Cloud Group, Inc operates as an Artificial-Intelligent (AI) and Blockchain-powered Fintech company in the People's Republic of China. The company provides asset owners and holders a method and platform for digital asset securitization, tokenization, and trading through managing and providing an infrastructure and environment that facilitates the transformation of traditional financial markets, such as commodities, currency, and credit into the asset digitalization.
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