Olenox Industries (NASDAQ:OLOX) Posts Quarterly Earnings Results

Olenox Industries (NASDAQ:OLOX) released its earnings results on Friday. The company reported ($5.22) EPS for the quarter, Zacks reports. Olenox Industries had a negative return on equity of 90.11% and a negative net margin of 637.32%.

Olenox Industries Stock Up 0.8%

Shares of OLOX stock traded up $0.04 on Friday, reaching $4.79. 7,300 shares of the company were exchanged, compared to its average volume of 320,408. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.06 and a quick ratio of 0.04. The company has a 50-day moving average of $5.92 and a 200-day moving average of $9.23. The company has a market cap of $6.23 million, a price-to-earnings ratio of -0.01 and a beta of 1.64. Olenox Industries has a one year low of $4.10 and a one year high of $437.06.

Hedge Funds Weigh In On Olenox Industries

Several large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in Olenox Industries during the fourth quarter worth $32,000. XTX Topco Ltd increased its stake in Olenox Industries by 360.3% in the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after acquiring an additional 39,576 shares during the last quarter. Jane Street Group LLC purchased a new stake in Olenox Industries in the fourth quarter valued at approximately $70,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Olenox Industries during the 4th quarter worth $73,000. Institutional investors own 3.50% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Olenox Industries in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Olenox Industries

Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.

Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.