Edible Garden (NASDAQ:EDBL) Downgraded to Sell Rating by Wall Street Zen

Edible Garden (NASDAQ:EDBL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Edible Garden Stock Down 5.5%

EDBL stock opened at $2.07 on Friday. The stock’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $2.96. Edible Garden has a fifty-two week low of $1.80 and a fifty-two week high of $32.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 0.82. The company has a market cap of $5.71 million, a P/E ratio of -0.06 and a beta of 2.06.

Edible Garden (NASDAQ:EDBL) last issued its earnings results on Thursday, August 14th. The company reported ($6.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by ($5.84). Edible Garden had a negative return on equity of 404.78% and a negative net margin of 101.53%. The firm had revenue of $3.15 million for the quarter, compared to analyst estimates of $4.48 million.

Edible Garden Company Profile

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.