Lendway (NASDAQ:LDWY) Shares Up 2.2% – Still a Buy?

Lendway, Inc. (NASDAQ:LDWY)’s stock price shot up 2.2% on Thursday . The stock traded as high as $4.94 and last traded at $4.99. 328 shares traded hands during trading, a decline of 96% from the average session volume of 7,663 shares. The stock had previously closed at $4.88.

Lendway Price Performance

The company has a market cap of $8.83 million, a price-to-earnings ratio of -2.02 and a beta of 2.53. The company has a 50 day moving average price of $4.47 and a 200-day moving average price of $4.32. The company has a quick ratio of 0.58, a current ratio of 1.46 and a debt-to-equity ratio of 2.76.

Lendway (NASDAQ:LDWY) last announced its earnings results on Tuesday, May 13th. The company reported $0.25 EPS for the quarter. The firm had revenue of $12.44 million for the quarter. Lendway had a negative return on equity of 32.18% and a negative net margin of 10.37%.

Institutional Trading of Lendway

An institutional investor recently raised its position in Lendway stock. Geode Capital Management LLC increased its stake in shares of Lendway, Inc. (NASDAQ:LDWY) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 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.