Lendway (NASDAQ:LDWY) Trading Up 1.3% – Here’s Why

Lendway, Inc. (NASDAQ:LDWY)’s share price was up 1.3% during trading on Tuesday . The company traded as high as $4.20 and last traded at $3.93. Approximately 2,681 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 6,732 shares. The stock had previously closed at $3.88.

Lendway Price Performance

The business has a 50-day moving average price of $3.89 and a two-hundred day moving average price of $4.05. The company has a quick ratio of 0.56, a current ratio of 2.27 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $6.96 million, a price-to-earnings ratio of -1.98 and a beta of 2.13.

Lendway (NASDAQ:LDWY) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($1.67) EPS for the quarter. The business had revenue of $6.19 million for the quarter.

Hedge Funds Weigh In On Lendway

An institutional investor recently raised its position in Lendway stock. Geode Capital Management LLC lifted its position in Lendway, Inc. (NASDAQ:LDWY) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,494 shares of the company’s stock after acquiring an additional 5,804 shares during the quarter. Geode Capital Management LLC owned approximately 0.93% of Lendway worth $80,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.64% of the company’s stock.

About Lendway

Lendway, Inc operates as a specialty agricultural and finance company focusing on making and managing its agricultural investments in the United States and internationally. It owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically.