Onfolio (NASDAQ:ONFO) Shares Down 7% – Time to Sell?

Onfolio Holdings Inc. (NASDAQ:ONFO) shares were down 7% during mid-day trading on Wednesday . The stock traded as low as $1.07 and last traded at $1.07. Approximately 20,433 shares were traded during trading, a decline of 85% from the average daily volume of 139,946 shares. The stock had previously closed at $1.15.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Onfolio in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Onfolio Trading Down 7.0%

The business has a 50 day moving average of $1.09 and a 200 day moving average of $1.06. The firm has a market capitalization of $5.49 million, a price-to-earnings ratio of -2.61 and a beta of 2.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.50 and a quick ratio of 0.49.

Onfolio (NASDAQ:ONFO) last issued its earnings results on Thursday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.15 million for the quarter. Onfolio had a negative return on equity of 38.18% and a negative net margin of 16.37%.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.