Onfolio (NASDAQ:ONFO) Stock Price Down 3.8% – Here’s What Happened

Onfolio Holdings Inc. (NASDAQ:ONFO) traded down 3.8% during trading on Monday . The stock traded as low as $0.5737 and last traded at $0.5810. 41,093 shares changed hands during trading, a decline of 43% from the average session volume of 72,548 shares. The stock had previously closed at $0.6040.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Onfolio Trading Down 3.8%

The stock has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $0.94. The stock has a market capitalization of $2.98 million, a PE ratio of -1.26 and a beta of 2.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.49.

Onfolio (NASDAQ:ONFO) last released its earnings results on Friday, November 14th. The company reported ($0.16) EPS for the quarter. Onfolio had a negative return on equity of 43.97% and a negative net margin of 17.18%.The firm had revenue of $2.74 million for the quarter.

Insider Activity at Onfolio

In other news, CEO Dominic Benjamin James Wells bought 59,707 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average price of $0.65 per share, for a total transaction of $38,809.55. Following the purchase, the chief executive officer owned 1,225,207 shares in the company, valued at $796,384.55. This represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 32.40% of the stock is owned by insiders.

About Onfolio

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.