Wall Street Zen Upgrades Safe and Green Development (NASDAQ:SGD) to “Sell”

Safe and Green Development (NASDAQ:SGD) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a report released on Friday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Safe and Green Development in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Safe and Green Development Trading Down 1.7%

Shares of SGD stock opened at $1.18 on Friday. The stock’s 50-day moving average price is $1.28 and its 200 day moving average price is $1.12. Safe and Green Development has a 52-week low of $0.65 and a 52-week high of $6.30. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.09 and a current ratio of 0.09.

Safe and Green Development (NASDAQ:SGD) last released its quarterly earnings data on Thursday, August 14th. The company reported ($2.29) EPS for the quarter. The firm had revenue of $1.40 million for the quarter. Safe and Green Development had a negative return on equity of 741.44% and a negative net margin of 766.20%.

About Safe and Green Development

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.