Spruce Power (NYSE:SPRU) Posts Quarterly Earnings Results

Spruce Power (NYSE:SPRU) issued its quarterly earnings results on Monday. The company reported ($0.29) earnings per share for the quarter, Zacks reports. Spruce Power had a negative return on equity of 23.98% and a negative net margin of 121.98%.

Spruce Power Price Performance

SPRU stock traded down $0.09 during trading on Monday, reaching $2.38. 36,793 shares of the company were exchanged, compared to its average volume of 44,379. The company has a 50-day moving average of $2.55 and a two-hundred day moving average of $2.64. The company has a market capitalization of $44.35 million, a price-to-earnings ratio of -0.47 and a beta of 1.23. Spruce Power has a twelve month low of $2.17 and a twelve month high of $4.89. The company has a debt-to-equity ratio of 3.81, a current ratio of 2.75 and a quick ratio of 2.75.

About Spruce Power

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers.