Lendway (NASDAQ:TULP) Trading Down 1.8% – Here’s What Happened

Lendway, Inc. (NASDAQ:TULP) shares were down 1.8% on Friday . The company traded as low as $3.85 and last traded at $3.85. Approximately 3,070 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 4,565 shares. The stock had previously closed at $3.92.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Lendway in a research note on Monday, March 2nd. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lendway currently has a consensus rating of “Sell”.

Lendway Stock Down 1.8%

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 stock’s 50-day moving average is $3.96. The firm has a market cap of $18.36 million, a price-to-earnings ratio of -1.40 and a beta of 2.65.

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

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.