Lendway (NASDAQ:TULP) Issues Quarterly Earnings Results

Lendway (NASDAQ:TULP) posted its earnings results on Thursday. The company reported ($0.50) earnings per share for the quarter, Zacks reports. The firm had revenue of $4.96 million for the quarter. Lendway had a negative return on equity of 45.46% and a negative net margin of 23.23%.

Lendway Stock Performance

Shares of TULP stock remained flat at $2.35 during trading on Thursday. The company had a trading volume of 2,227 shares, compared to its average volume of 7,395. The company has a market cap of $11.35 million, a price-to-earnings ratio of -0.53 and a beta of 2.81. Lendway has a fifty-two week low of $2.00 and a fifty-two week high of $5.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 1.56. The stock’s 50 day simple moving average is $2.76 and its 200-day simple moving average is $3.49.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Lendway

Lendway, Inc. (NASDAQ:TULP) is a real estate company focused on investing in, developing, and managing real estate assets. Through its subsidiaries, the company participates in real estate ownership and related activities, with an emphasis on identifying opportunities that may generate long-term value. Lendway’s business activities include real estate investment, property operations, development, and financing-related services. Its portfolio and projects may include residential and commercial properties, while its financing activities support real estate transactions and investments.