Lendway (NASDAQ:LDWY) Announces Quarterly Earnings Results

Lendway (NASDAQ:LDWY) posted its earnings results on Monday. The company reported ($1.61) earnings per share for the quarter, Zacks reports. Lendway had a negative return on equity of 20.31% and a negative net margin of 5.30%.

Lendway Price Performance

Shares of LDWY traded down $0.41 during trading hours on Monday, hitting $4.14. 15,657 shares of the stock were exchanged, compared to its average volume of 6,926. The company has a market cap of $7.33 million, a price-to-earnings ratio of -2.82 and a beta of 2.61. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.58 and a current ratio of 1.46. Lendway has a 12-month low of $3.31 and a 12-month high of $6.19. The stock’s 50-day moving average price is $4.95 and its two-hundred day moving average price is $4.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lendway in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Lendway

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically.