SOS (NYSE:SOS) Stock Price Down 5.9% – Should You Sell?

SOS Limited Unsponsored ADR (NYSE:SOS) shares dropped 5.9% during trading on Wednesday. The company traded as low as $0.19 and last traded at $0.2020. 590,190 shares traded hands during trading, a decline of 83% from the average session volume of 3,567,544 shares. The stock had previously closed at $0.2147.

Analysts Set New Price Targets

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

SOS Price Performance

The company has a 50-day moving average price of $0.65 and a 200 day moving average price of $0.91.

SOS (NYSE:SOS) last issued its quarterly earnings data 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 technology company that provides blockchain and cryptocurrency-related services. Its activities have included digital asset mining, cryptocurrency operations, and the development of technology and computing infrastructure supporting blockchain applications.

The company has also described its business as including cloud-based marketing and data services, as well as solutions related to emergency rescue, insurance, healthcare, and consumer finance. Its business focus has evolved over time, with cryptocurrency mining and blockchain-related activities becoming a significant part of its operations.

SOS Limited is incorporated in the Cayman Islands and has historically conducted business primarily in China, while also pursuing digital asset and mining opportunities in other markets, including North America.