Nature Wood Group (NASDAQ:NWGL) Posts Earnings Results

Nature Wood Group (NASDAQ:NWGL) posted its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $4.05 million for the quarter.

Nature Wood Group Stock Up 5.8%

NWGL traded up $0.08 during trading on Monday, hitting $1.38. The company’s stock had a trading volume of 520 shares, compared to its average volume of 138,545. The business’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $1.35. Nature Wood Group has a twelve month low of $0.91 and a twelve month high of $6.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nature Wood Group in a research report on Monday, December 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nature Wood Group currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC bought a new stake in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned about 0.24% of Nature Wood Group at the end of the most recent quarter.

About Nature Wood Group

Nature Wood Group, Inc engages in the design, manufacture and sale of wood-based panels and decorative surfaces for use in furniture, cabinetry, flooring and interior fit-outs. The company’s offerings include medium-density fiberboard, melamine-faced panels, decorative paper and edge-banding products, all tailored to meet the specifications of residential and commercial customers.

Through an integrated production model, Nature Wood Group oversees key stages from raw material procurement and wood refining to finishing and quality control.