Lendway (NASDAQ:TULP) Trading Up 1.2% – Here’s What Happened

Lendway, Inc. (NASDAQ:TULP)’s share price shot up 1.2% on Thursday . The company traded as high as $3.49 and last traded at $3.49. Approximately 1,844 shares traded hands during trading, a decline of 45% from the average daily volume of 3,376 shares. The stock had previously closed at $3.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Lendway Stock Down 2.3%

The firm’s 50 day moving average price is $3.63. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08. The company has a market cap of $16.27 million, a price-to-earnings ratio of -1.24 and a beta of 2.61.

Lendway (NASDAQ:TULP) last announced its earnings results on Wednesday, May 13th. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $14.44 million during the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%.

Lendway Company Profile

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.