Safe and Green Development (NASDAQ:RENX – Get Free Report) announced its earnings results on Thursday. The company reported ($3.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.56) by ($1.52), Zacks reports. Safe and Green Development had a negative net margin of 190.02% and a negative return on equity of 596.53%.
Safe and Green Development Stock Performance
RENX stock remained flat at $2.00 during midday trading on Thursday. The company’s stock had a trading volume of 63,174 shares, compared to its average volume of 1,436,982. Safe and Green Development has a 12 month low of $1.40 and a 12 month high of $36.00. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 3.45. The firm has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $2.30. The stock has a market cap of $5.22 million, a P/E ratio of -0.03 and a beta of 3.94.
Institutional Trading of Safe and Green Development
An institutional investor recently raised its stake in Safe and Green Development stock. Virtu Financial LLC boosted its stake in shares of Safe and Green Development Corporation (NASDAQ:RENX – Free Report) by 127.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,645 shares of the company’s stock after buying an additional 14,954 shares during the period. Virtu Financial LLC owned 0.30% of Safe and Green Development worth $36,000 at the end of the most recent quarter. 2.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
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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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