Lendway (NASDAQ:TULP) Stock Price Down 2.4% – Here’s What Happened

Lendway, Inc. (NASDAQ:TULP) shares were down 2.4% during mid-day trading on Thursday . The company traded as low as $3.66 and last traded at $3.66. 989 shares changed hands during trading, a decline of 77% from the average session volume of 4,231 shares. The stock had previously closed at $3.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Lendway in a research note on Monday, March 2nd. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lendway currently has a consensus rating of “Sell”.

Lendway Stock Performance

The business’s fifty day moving average price is $3.87. The company has a market cap of $17.46 million, a P/E ratio of -1.33 and a beta of 2.60. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.63 and a current ratio of 1.26.

Lendway (NASDAQ:TULP) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $14.44 million during the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%.

Lendway Company Profile

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.