Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Acquires $22,500.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 125,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were purchased at an average price of $0.18 per share, for a total transaction of $22,500.00. Following the purchase, the chairman owned 2,888,692 shares in the company, valued at $519,964.56. This trade represents a 4.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Hyperscale Data Trading Up 1.9%

NYSEAMERICAN:GPUS traded up $0.00 during trading hours on Thursday, hitting $0.18. 19,983,418 shares of the stock traded hands, compared to its average volume of 15,693,399. Hyperscale Data, Inc. has a 1 year low of $0.17 and a 1 year high of $3.65. The stock has a 50 day moving average price of $0.62 and a 200 day moving average price of $0.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $34.84 million during the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.

Hyperscale Data announced that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Hyperscale Data Company Profile

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.