Onfolio (NASDAQ:ONFO) Posts Earnings Results

Onfolio (NASDAQ:ONFO) released its quarterly earnings data on Friday. The company reported ($0.16) earnings per share for the quarter, Zacks reports. Onfolio had a negative net margin of 16.37% and a negative return on equity of 38.18%. The company had revenue of $2.74 million for the quarter.

Onfolio Trading Down 8.1%

Shares of NASDAQ:ONFO traded down $0.09 on Friday, hitting $1.02. The company had a trading volume of 34,311 shares, compared to its average volume of 56,678. The firm’s 50-day simple moving average is $1.11 and its two-hundred day simple moving average is $1.07. Onfolio has a 1 year low of $0.61 and a 1 year high of $1.95. The company has a quick ratio of 0.49, a current ratio of 0.50 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $5.23 million, a price-to-earnings ratio of -2.49 and a beta of 2.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Onfolio Company Profile

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.