Safe & Green (NASDAQ:SGBX) Shares Up 5.7% – Here’s What Happened

Safe & Green Holdings Corp. (NASDAQ:SGBX)’s share price rose 5.7% during trading on Thursday . The company traded as high as $3.89 and last traded at $3.87. Approximately 1,324,766 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 18,997,338 shares. The stock had previously closed at $3.66.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Safe & Green in a research report on Wednesday, October 8th. Wall Street Zen raised Safe & Green to a “sell” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Safe & Green currently has a consensus rating of “Sell”.

Safe & Green Trading Down 9.3%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18. The stock has a market cap of $19.97 million, a price-to-earnings ratio of -0.06 and a beta of 2.08. The company’s 50 day simple moving average is $3.18 and its two-hundred day simple moving average is $20.75.

Safe & Green (NASDAQ:SGBX) last posted its quarterly earnings results on Friday, November 14th. The company reported ($12.68) EPS for the quarter. Safe & Green had a negative net margin of 544.66% and a negative return on equity of 118.68%. The company had revenue of $1.09 million for the quarter.

Institutional Investors Weigh In On Safe & Green

A hedge fund recently raised its stake in Safe & Green stock. XTX Topco Ltd lifted its holdings in Safe & Green Holdings Corp. (NASDAQ:SGBX) by 360.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,561 shares of the company’s stock after purchasing an additional 39,576 shares during the period. XTX Topco Ltd owned 0.41% of Safe & Green worth $33,000 at the end of the most recent reporting period. 3.50% of the stock is currently owned by institutional investors.

Safe & Green Company Profile

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.