Lendway (NASDAQ:TULP) Shares Down 0.3% – Here’s Why

Lendway, Inc. (NASDAQ:TULP)’s stock price traded down 0.3% during trading on Wednesday . The company traded as low as $3.93 and last traded at $3.92. 884 shares traded hands during trading, a decline of 46% from the average session volume of 1,636 shares. The stock had previously closed at $3.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Lendway in a report on Monday, March 2nd. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Lendway Stock Performance

The company has a market capitalization of $6.94 million, a price-to-earnings ratio of -1.89 and a beta of 2.85. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.47 and a current ratio of 1.80.

Lendway (NASDAQ:TULP) last announced its earnings results on Friday, February 13th. The company reported ($1.29) earnings per share for the quarter. Lendway had a negative return on equity of 28.26% and a negative net margin of 7.65%.The firm had revenue of $6.74 billion for the quarter.

Lendway Company Profile

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions. The company was incorporated in 1990 and is headquartered in Minneapolis, Minnesota.