(VIANEWS) – Shares of Canaan (NASDAQ: CAN) slid 9.29% to $2.93 at 10:15 EST on Monday, following the last session’s upward trend. NASDAQ is jumping 2.31% to $10,859.72, following the last session’s upward trend. This seems, as yet, an all-around up trend trading session today.

Canaan’s last close was $3.23, 71.13% under its 52-week high of $11.19.

About Canaan

Canaan Inc. is involved in research, development, and sales of integrated circuits (ICs) final mining equipment products. It integrates IC products for Bitcoin mining and other related components primarily from the People’s Republic of China. The company is involved in manufacturing and distributing mining equipment spare parts. Northern Data AG is the company’s strategic partner in artificial intelligence, blockchain technology and datacenter operation. Canaan Inc. is located in Beijing in the People’s Republic of China.

Earnings Per Share

As for profitability, Canaan has a trailing twelve months EPS of $-0.212.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 107.31%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 236.7%, now sitting on 5.94B for the twelve trailing months.

More news about Canaan (CAN).