SHF (NASDAQ:SHFS) Issues Quarterly Earnings Results

SHF (NASDAQ:SHFS) released its earnings results on Friday. The company reported ($0.36) earnings per share (EPS) for the quarter, Zacks reports. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.

SHF Stock Down 1.1%

SHFS stock traded down $0.00 during trading hours on Friday, hitting $0.17. The company’s stock had a trading volume of 381,319 shares, compared to its average volume of 1,569,162. The stock has a 50 day moving average price of $0.26 and a two-hundred day moving average price of $0.63. SHF has a 12 month low of $0.17 and a 12 month high of $9.19. The company has a market capitalization of $1.13 million, a PE ratio of -0.18 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About SHF

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.