Onfolio (NASDAQ:ONFO) Releases Quarterly Earnings Results

Onfolio (NASDAQ:ONFO) released its earnings results on Friday. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21), Zacks reports. The company had revenue of $1.87 million during the quarter, compared to analyst estimates of $1.68 million. Onfolio had a negative net margin of 24.13% and a negative return on equity of 40.46%.

Onfolio Trading Down 13.7%

Shares of Onfolio stock opened at $0.88 on Friday. The business has a 50 day moving average price of $0.88 and a 200 day moving average price of $0.80. The company has a market capitalization of $5.16 million, a P/E ratio of -1.02 and a beta of 3.67. Onfolio has a 1 year low of $0.46 and a 1 year high of $2.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.44 and a quick ratio of 0.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average 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.