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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Bitcoin- And Ethereum-Related Stock SOS Limited Today?

SOS Limited China Sos Ltd Covid-19 Mining United States

Shares of Chinese companies, including Sos Ltd - ADR (NYSE:SOS), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.

SOS Limited shares rallied Monday following a financial update from the company and have experienced profit-taking since. The company on Monday reported FY21 sales of $358.042 million, versus $50.317 million in FY20. SOS Limited also saw FY21 gross profit of $21.07 million, versus a gross profit of $12.994 million in FY20.

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