SHF (NASDAQ:SHFS – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.79) earnings per share for the quarter, Zacks reports. SHF had a negative return on equity of 417.35% and a negative net margin of 480.80%.
SHF Price Performance
Shares of SHFS stock traded down $0.38 on Wednesday, hitting $1.64. 130,479 shares of the stock traded hands, compared to its average volume of 691,771. The company’s fifty day moving average is $4.08 and its 200 day moving average is $3.18. SHF has a 1-year low of $1.54 and a 1-year high of $10.53. The company has a market capitalization of $4.79 million, a PE ratio of -6.84 and a beta of 0.84.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SHF in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
SHF Company Profile
SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.
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