Greenlane (NASDAQ:GNLN – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $8.46 EPS for the quarter, FiscalAI reports. The company had revenue of $1.36 million for the quarter. Greenlane had a negative return on equity of 164.19% and a negative net margin of 532.82%.
Greenlane Stock Up 15.7%
Shares of Greenlane stock traded up $0.05 during mid-day trading on Tuesday, reaching $0.37. 145,582 shares of the stock traded hands, compared to its average volume of 324,089. The stock has a market capitalization of $2.95 million, a PE ratio of 0.00 and a beta of 1.24. The business has a 50-day moving average of $0.91 and a 200 day moving average of $2.24. Greenlane has a fifty-two week low of $0.26 and a fifty-two week high of $228.38.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenlane in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenlane currently has a consensus rating of “Sell”.
Greenlane Company Profile
Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.
Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.
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