Safe and Green Development (NASDAQ:SGD) Trading Down 12.2% – What’s Next?

Safe and Green Development Corporation (NASDAQ:SGD)’s share price was down 12.2% on Monday . The stock traded as low as $1.01 and last traded at $1.01. Approximately 178,388 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 7,092,593 shares. The stock had previously closed at $1.15.

Safe and Green Development Stock Down 12.2%

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.71. The firm’s 50 day simple moving average is $1.01 and its two-hundred day simple moving average is $1.15.

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

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.