Safe and Green Development (NASDAQ:RENX) Stock Rating Upgraded by Wall Street Zen

Safe and Green Development (NASDAQ:RENX) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a report issued on Monday.

Safe and Green Development Price Performance

Shares of RENX stock opened at $1.78 on Monday. Safe and Green Development has a 1 year low of $1.42 and a 1 year high of $47.20. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.79. The firm’s 50 day moving average is $2.87 and its 200-day moving average is $11.78. The firm has a market capitalization of $4.13 million, a price-to-earnings ratio of -0.40 and a beta of 3.86.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Safe and Green Development stock. Virtu Financial LLC grew its position in Safe and Green Development Corporation (NASDAQ:RENX) by 127.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm 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 reporting period. 2.59% of the stock is owned by hedge funds and other institutional investors.

About Safe and Green Development

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.