SHF (NASDAQ:SHFS) Trading Up 7.1% – Here’s What Happened

SHF Holdings, Inc. (NASDAQ:SHFS)’s share price was up 7.1% during trading on Wednesday . The company traded as high as $1.36 and last traded at $1.36. Approximately 32,663 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 273,420 shares. The stock had previously closed at $1.27.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, SHF has a consensus rating of “Sell”.

SHF Stock Performance

The business has a 50 day moving average price of $3.27 and a 200-day moving average price of $3.02. The company has a market capitalization of $4.19 million, a price-to-earnings ratio of -1.11 and a beta of 0.87.

About SHF

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.