Edible Garden (NASDAQ:EDBL) Stock Price Down 7.5% – Should You Sell?

Shares of Edible Garden AG Incorporated (NASDAQ:EDBL) fell 7.5% on Monday . The company traded as low as $1.23 and last traded at $1.24. 40,363 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 62,270 shares. The stock had previously closed at $1.34.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EDBL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Edible Garden in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Edible Garden from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Edible Garden Trading Down 7.5%

The firm has a market cap of $6.36 million, a P/E ratio of -0.06 and a beta of 2.08. The firm has a fifty day simple moving average of $1.56 and a 200-day simple moving average of $2.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.51.

Edible Garden (NASDAQ:EDBL) last issued its earnings results on Friday, November 14th. The company reported ($1.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.87). Edible Garden had a negative return on equity of 1,078.80% and a negative net margin of 115.44%.The firm had revenue of $2.82 million for the quarter, compared to analyst estimates of $3.88 million.

About Edible Garden

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.