Edible Garden (NASDAQ:EDBL) Issues Earnings Results

Edible Garden (NASDAQ:EDBL) released its quarterly earnings results on Monday. The company reported ($10.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($9.98), Zacks reports. Edible Garden had a negative net margin of 78.61% and a negative return on equity of 52,263.51%. The business had revenue of $4.13 million for the quarter, compared to the consensus estimate of $4.13 million.

Edible Garden Trading Down 28.7 %

Shares of Edible Garden stock traded down $1.00 on Monday, reaching $2.48. 93,873 shares of the company’s stock were exchanged, compared to its average volume of 248,401. The firm’s 50-day moving average is $4.38 and its two-hundred day moving average is $6.16. The company has a market capitalization of $3.01 million, a P/E ratio of -0.09 and a beta of 1.45. 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 has a 52 week low of $1.81 and a 52 week high of $311.75.

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.