Canaan Inc. (NASDAQ:CAN – Get Rating) shares gapped up prior to trading on Friday . The stock had previously closed at $2.92, but opened at $3.09. Canaan shares last traded at $3.02, with a volume of 417,208 shares.
Canaan Stock Performance
The stock has a 50 day moving average of $2.94 and a two-hundred day moving average of $2.88. The stock has a market cap of $528.22 million, a PE ratio of 5.05 and a beta of 3.27.
Canaan (NASDAQ:CAN – Get Rating) last issued its quarterly earnings results on Tuesday, March 7th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.19). The company had revenue of $56.83 million during the quarter, compared to analysts’ expectations of $43.50 million. Canaan had a return on equity of 15.36% and a net margin of 16.12%. Analysts expect that Canaan Inc. will post -0.45 EPS for the current fiscal year.
Hedge Funds Weigh In On Canaan
Canaan Company Profile
Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.
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