Greenlane (NASDAQ:GNLN) Shares Up 1.9% – Still a Buy?

Greenlane Holdings, Inc. (NASDAQ:GNLN)’s share price rose 1.9% during trading on Thursday . The company traded as high as $2.90 and last traded at $2.64. Approximately 100,256 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 95,334 shares. The stock had previously closed at $2.59.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenlane in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Greenlane currently has an average rating of “Sell”.

Greenlane Price Performance

The firm has a market capitalization of $3.97 million, a price-to-earnings ratio of -0.01 and a beta of 1.15. The business’s fifty day simple moving average is $3.22 and its 200 day simple moving average is $3.86.

Greenlane (NASDAQ:GNLN) last released its quarterly earnings data on Friday, November 14th. The company reported ($6.44) earnings per share (EPS) for the quarter. The company had revenue of $0.74 million for the quarter. Greenlane had a negative return on equity of 164.19% and a negative net margin of 532.82%.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.