Resolute Holdings Management (NASDAQ:RHLD) Shares Up 9.1% - Here's What Happened

Key Points

• Resolute Holdings Management shares rose by 9.1%, reaching a high of $65.79, although trading volume decreased significantly by 70% compared to the average.
• The company reported a loss of $0.07 per share for the last quarter, with revenue totaling $119.59 million.
• Resolute Holdings Management has a debt-to-equity ratio of 42.76, indicating potential concerns about financial leverage.

Resolute Holdings Management, Inc. (NASDAQ:RHLD - Get Free Report) shot up 9.1% on Tuesday . The stock traded as high as $65.79 and last traded at $65.79. 24,000 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 79,849 shares. The stock had previously closed at $60.28.

Resolute Holdings Management Price Performance

The company has a debt-to-equity ratio of 42.76, a quick ratio of 2.71 and a current ratio of 3.40. The business's 50-day moving average price is $42.93.

Resolute Holdings Management (NASDAQ:RHLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $119.59 million for the quarter.

Resolute Holdings Management Company Profile

Resolute Holdings Management, Inc operates as an alternative asset management platform company. The company was incorporated in 2024 and is based in New York, New York.

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