Safe and Green Development Corporation (NASDAQ:RENX – Get Free Report) traded down 2.4% on Thursday . The company traded as low as $2.02 and last traded at $2.05. Approximately 110,142 shares were traded during mid-day trading, a decline of 19% from the average session volume of 136,728 shares. The stock had previously closed at $2.10.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on RENX. Wall Street Zen downgraded Safe and Green Development from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Safe and Green Development in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on RENX
Safe and Green Development Trading Up 0.5%
Institutional Investors Weigh In On Safe and Green Development
An institutional investor recently bought a new position in Safe and Green Development stock. Citadel Advisors LLC bought a new stake in shares of Safe and Green Development Corporation (NASDAQ:RENX – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,346 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 0.42% of Safe and Green Development at the end of the most recent reporting period. Institutional investors and hedge funds own 2.59% of the company’s stock.
Safe and Green Development Company Profile
Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.
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