Taronis Technologies (NASDAQ:TRNX) posted its quarterly earnings results on Monday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14), Fidelity Earnings reports. The company had revenue of $5.86 million during the quarter, compared to analyst estimates of $6.02 million. Taronis Technologies had a negative net margin of 135.02% and a negative return on equity of 81.90%.
TRNX stock opened at $0.49 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $0.43. Taronis Technologies has a 1 year low of $0.13 and a 1 year high of $13.60.
Separately, Zacks Investment Research lowered Taronis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.
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