Safe and Green Development (NASDAQ:SGD) Trading Down 4.1% – Here’s Why

Safe and Green Development Corporation (NASDAQ:SGD) shares fell 4.1% during trading on Wednesday . The stock traded as low as $0.86 and last traded at $0.88. 74,469 shares traded hands during trading, a decline of 78% from the average session volume of 335,422 shares. The stock had previously closed at $0.92.

Safe and Green Development Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.71. The stock has a 50-day simple moving average of $0.97 and a two-hundred day simple moving average of $1.45.

Safe and Green Development (NASDAQ:SGD) last released its quarterly earnings data on Thursday, May 15th. The company reported ($1.08) earnings per share for the quarter. Safe and Green Development had a negative net margin of 4,557.49% and a negative return on equity of 803.41%. The firm had revenue of $0.02 million during the quarter.

Safe and Green Development Company Profile

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.