Greenlane (NASDAQ:GNLN) Announces Earnings Results

Greenlane (NASDAQ:GNLN) issued its earnings results on Friday. The company reported ($6.44) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $0.74 million during the quarter. Greenlane had a negative return on equity of 133.66% and a negative net margin of 246.62%.

Greenlane Stock Performance

Shares of GNLN remained flat at $3.00 during mid-day trading on Friday. The stock had a trading volume of 34,258 shares, compared to its average volume of 747,711. The firm’s 50 day moving average is $3.51 and its 200-day moving average is $4.25. The stock has a market capitalization of $4.16 million, a PE ratio of 0.00 and a beta of 1.75. Greenlane has a 1 year low of $2.68 and a 1 year high of $1,611.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenlane in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.