Edible Garden (NASDAQ:EDBL) Stock Price Down 2.2% – Should You Sell?

Edible Garden AG Incorporated (NASDAQ:EDBL) traded down 2.2% on Thursday . The stock traded as low as $2.11 and last traded at $2.26. 33,793 shares were traded during mid-day trading, a decline of 87% from the average session volume of 251,065 shares. The stock had previously closed at $2.31.

Edible Garden Stock Performance

The business has a 50 day moving average of $2.30 and a 200-day moving average of $4.28. The company has a market capitalization of $3.25 million, a P/E ratio of -0.09 and a beta of 1.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 1.11.

Edible Garden (NASDAQ:EDBL) last released its quarterly earnings data on Monday, March 31st. The company reported ($10.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($9.98). The firm had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.13 million. Edible Garden had a negative net margin of 78.61% and a negative return on equity of 52,263.51%.

Edible Garden Company Profile

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.