Lendway (NASDAQ:LDWY) Trading 3.8% Higher – Should You Buy?

Lendway, Inc. (NASDAQ:LDWY)’s share price rose 3.8% during trading on Monday . The stock traded as high as $5.26 and last traded at $5.16. Approximately 18,024 shares traded hands during trading, an increase of 143% from the average daily volume of 7,413 shares. The stock had previously closed at $4.97.

Lendway Price Performance

The firm has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $4.19. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.27 and a quick ratio of 0.56. The firm has a market cap of $9.13 million, a PE ratio of -2.61 and a beta of 2.40.

Lendway (NASDAQ:LDWY) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $12.44 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 shares of Lendway, Inc. (NASDAQ:LDWY) by 54.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,494 shares of the company’s stock after buying 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 quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

Lendway Company Profile

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.