SOS (NYSE:SOS) Shares Down 0.7% – Here’s Why

SOS Limited Unsponsored ADR (NYSE:SOS) traded down 0.7% during mid-day trading on Wednesday. The company traded as low as $0.2002 and last traded at $0.2080. Approximately 29,420 shares changed hands during trading, a decline of 95% from the average daily volume of 550,222 shares. The stock had previously closed at $0.2095.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered SOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

SOS Price Performance

The business’s 50-day simple moving average is $0.43 and its two-hundred day simple moving average is $0.95.

SOS (NYSE:SOS) last released its quarterly earnings results on Wednesday, October 7th. The company reported ($1.04) earnings per share for the quarter. The company had revenue of $24.41 million during the quarter.

About SOS

SOS Limited (NYSE: SOS) is a holding company focused on technology-driven services and digital asset operations. Through its subsidiaries, the company has provided marketing data, technology solutions and emergency rescue services, with activities spanning areas such as insurance, finance, healthcare and public assistance.

The company has also expanded into cryptocurrency mining and related blockchain activities. Its business has included the development and operation of computing and data-center infrastructure used to support digital asset mining, as well as efforts to build capabilities in cryptocurrency-related technology and services.

SOS Limited has roots in China and has historically conducted much of its operating activity through Chinese subsidiaries.