Lendway (NASDAQ:TULP) Trading Down 1.8% – What’s Next?

Lendway, Inc. (NASDAQ:TULP)’s stock price dropped 1.8% during mid-day trading on Friday . The stock traded as low as $3.85 and last traded at $3.85. Approximately 3,070 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 4,565 shares. The stock had previously closed at $3.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Lendway in a research report on Monday, March 2nd. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Lendway Stock Performance

The stock has a 50-day simple moving average of $3.96. The company has a quick ratio of 0.63, a current ratio of 1.26 and a debt-to-equity ratio of 5.08. The company has a market cap of $18.36 million, a P/E ratio of -1.40 and a beta of 2.65.

Lendway (NASDAQ:TULP) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.43) EPS for the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%. The company had revenue of $14.44 million for the quarter.

About Lendway

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.