(VIANEWS) – Shares of Canaan (NASDAQ: CAN) rose by a staggering 10.28% to $3.17 at 11:27 EST on Thursday, following the last session’s downward trend. NASDAQ is jumping 1.34% to $12,088.78, after three successive sessions in a row of losses. This seems, so far, an all-around bullish trend exchanging session today.
Canaan’s last close was $2.87, 56.48% below its 52-week high of $6.60.
About Canaan
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. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.
Earnings Per Share
As for profitability, Canaan has a trailing twelve months EPS of $0.62.
PE Ratio
Canaan has a trailing twelve months price to earnings ratio of 5.1. Meaning, the purchaser of the share is investing $5.1 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 62.53%.
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