Safe & Green (NASDAQ:SGBX) Shares Down 10%

Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) traded down 10% on Wednesday . The company traded as low as $0.15 and last traded at $0.16. 300,828 shares were traded during trading, a decline of 55% from the average session volume of 662,528 shares. The stock had previously closed at $0.17.

Safe & Green Trading Down 10.0 %

The firm has a market capitalization of $2.86 million, a price-to-earnings ratio of -0.15 and a beta of -2.60. The business has a 50-day moving average of $0.24 and a two-hundred day moving average of $0.40. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

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) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing. 3.50% of the stock is owned by institutional investors.

About Safe & Green

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.