Lendway (NASDAQ:TULP – Get Free Report) issued its earnings results on Thursday. The company reported ($0.50) EPS for the quarter, Zacks reports. Lendway had a negative return on equity of 45.46% and a negative net margin of 23.23%. The firm had revenue of $4.96 million during the quarter.
Lendway Stock Performance
Shares of NASDAQ:TULP opened at $2.48 on Friday. Lendway has a twelve month low of $2.00 and a twelve month high of $5.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 1.56. The firm has a market cap of $11.98 million, a P/E ratio of -0.56 and a beta of 2.81. The company has a 50 day moving average of $2.74 and a 200-day moving average of $3.49.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Research Report on TULP
About Lendway
Lendway, Inc. (NASDAQ:TULP) is a real estate company focused on investing in, developing, and managing real estate assets. Through its subsidiaries, the company participates in real estate ownership and related activities, with an emphasis on identifying opportunities that may generate long-term value. Lendway’s business activities include real estate investment, property operations, development, and financing-related services. Its portfolio and projects may include residential and commercial properties, while its financing activities support real estate transactions and investments.
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