Onfolio (NASDAQ:ONFO) Rating Lowered to “Strong Sell” at Wall Street Zen

Onfolio (NASDAQ:ONFOGet Free Report) was downgraded by equities research analysts at Wall Street Zen to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings upgraded Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Read Our Latest Report on Onfolio

Onfolio Stock Performance

Shares of ONFO stock opened at $2.59 on Friday. The stock’s 50-day moving average is $10.33 and its two-hundred day moving average is $27.84. The firm has a market cap of $362,600.00, a price-to-earnings ratio of -0.06 and a beta of 3.58. Onfolio has a 1 year low of $2.06 and a 1 year high of $123.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.20 and a current ratio of 0.20.

Onfolio (NASDAQ:ONFOGet Free Report) last posted its earnings results on Friday, May 15th. The company reported ($16.00) EPS for the quarter, missing analysts’ consensus estimates of ($5.50) by ($10.50). The firm had revenue of $1.87 million for the quarter, compared to analyst estimates of $1.68 million. Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.

Onfolio Company Profile

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Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.

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