Lendway (NASDAQ:TULP) Announces Quarterly Earnings Results

Lendway (NASDAQ:TULP) announced its earnings results on Wednesday. The company reported ($0.43) earnings per share for the quarter, FiscalAI reports. The company had revenue of $14.44 million for the quarter. Lendway had a negative return on equity of 28.26% and a negative net margin of 7.65%.

Lendway Trading Down 3.2%

TULP stock traded down $0.13 during mid-day trading on Wednesday, hitting $3.92. 3,417 shares of the company were exchanged, compared to its average volume of 2,947. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.80 and a quick ratio of 0.47. The firm’s fifty day simple moving average is $3.95. Lendway has a 12-month low of $3.11 and a 12-month high of $6.19.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Lendway in a research note on Monday, March 2nd. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Lendway Company Profile

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.