Safe & Green (NASDAQ:SGBX) Shares Up 4.4%

Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) rose 4.4% on Tuesday . The stock traded as high as $1.41 and last traded at $1.41. Approximately 16,568 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 107,245 shares. The stock had previously closed at $1.35.

Safe & Green Stock Up 4.4 %

The firm has a 50 day simple moving average of $1.17 and a two-hundred day simple moving average of $1.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.62 and a quick ratio of 0.56. The stock has a market cap of $22.59 million, a price-to-earnings ratio of -1.36 and a beta of -2.81.

Safe & Green (NASDAQ:SGBX) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.27). The business had revenue of $5.10 million for the quarter. Safe & Green had a negative return on equity of 109.14% and a negative net margin of 78.75%.

Hedge Funds Weigh In On Safe & Green

A hedge fund recently bought a new stake in Safe & Green stock. Jane Street Group LLC purchased a new position in shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 52,406 shares of the company’s stock, valued at approximately $87,000. Jane Street Group LLC owned 0.44% of Safe & Green as of its most recent filing with the SEC. 6.75% of the stock is currently owned by institutional investors and hedge funds.

Safe & Green Company Profile

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction.