Safe & Green (NASDAQ:SGBX) Upgraded by Wall Street Zen to “Sell” Rating

Safe & Green (NASDAQ:SGBX) was upgraded by Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

Safe & Green Trading Down 13.3%

Shares of SGBX stock opened at $8.78 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $23.42 and its two-hundred day moving average price is $32.13. Safe & Green has a 12 month low of $7.00 and a 12 month high of $122.88.

Safe & Green (NASDAQ:SGBX) last announced its earnings results on Thursday, August 14th. The company reported ($30.08) earnings per share for the quarter. The business had revenue of $0.72 million for the quarter. Safe & Green had a negative net margin of 411.90% and a negative return on equity of 411.70%.

Institutional Investors Weigh In On Safe & Green

An institutional investor recently raised its position in Safe & Green stock. XTX Topco Ltd grew its stake in Safe & Green Holdings Corp. (NASDAQ:SGBX) by 360.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,561 shares of the company’s stock after purchasing an additional 39,576 shares during the quarter. XTX Topco Ltd owned approximately 0.41% of Safe & Green worth $33,000 as of its most recent filing with the SEC. 3.50% of the stock is currently owned by institutional investors.

Safe & Green Company Profile

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.