Safe and Green Development (NASDAQ:SGD) Shares Down 17.5% – Here’s Why

Safe and Green Development Co. (NASDAQ:SGDGet Free Report) shares traded down 17.5% during trading on Tuesday . The company traded as low as $0.89 and last traded at $0.99. 3,104,372 shares traded hands during trading, an increase of 845% from the average session volume of 328,609 shares. The stock had previously closed at $1.20.

Safe and Green Development Stock Performance

The business has a 50 day moving average price of $1.07 and a 200 day moving average price of $1.57.

Safe and Green Development (NASDAQ:SGDGet Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($1.08) EPS for the quarter. The business had revenue of $0.02 million during the quarter.

About Safe and Green Development

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Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida.

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