Lendway (NASDAQ:TULP) Releases Earnings Results

Lendway (NASDAQ:TULP) announced its quarterly earnings data on Monday. The company reported ($1.11) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $21.80 million for the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%.

Lendway Stock Down 9.4%

Shares of NASDAQ:TULP traded down $0.35 on Monday, hitting $3.39. 490 shares of the company traded hands, compared to its average volume of 18,514. The company has a market cap of $16.18 million, a PE ratio of -1.23 and a beta of 2.63. The stock has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $3.74. Lendway has a 52 week low of $3.11 and a 52 week high of $5.60. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08.

Wall Street Analysts Forecast Growth

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

About Lendway

Lendway, Inc is a real estate investment and development company focused primarily on multifamily housing. The company’s activities include investing in, developing, and managing residential properties in the United States.

Lendway’s business involves the acquisition and development of multifamily communities, with an emphasis on creating and operating rental housing. Through its real estate operations, the company may participate in projects across multiple stages, including property development, investment, and asset management.

The company is headquartered in Minneapolis, Minnesota.