Onfolio (NASDAQ:ONFO) Stock Price Down 3.8% – Here’s What Happened

Shares of Onfolio Holdings Inc. (NASDAQ:ONFO) dropped 3.8% during mid-day trading on Monday . The stock traded as low as $0.5737 and last traded at $0.5810. Approximately 41,093 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 72,548 shares. The stock had previously closed at $0.6040.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Onfolio in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Onfolio presently has a consensus rating of “Sell”.

Onfolio Price Performance

The stock has a market capitalization of $2.98 million, a PE ratio of -1.26 and a beta of 2.88. The firm’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $0.94. The company has a quick ratio of 0.48, a current ratio of 0.49 and a debt-to-equity ratio of 0.48.

Onfolio (NASDAQ:ONFO) last posted its earnings results on Friday, November 14th. The company reported ($0.16) EPS for the quarter. The company had revenue of $2.74 million during the quarter. Onfolio had a negative return on equity of 43.97% and a negative net margin of 17.18%.

Insider Activity at Onfolio

In other news, CEO Dominic Benjamin James Wells acquired 59,707 shares of Onfolio stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average price of $0.65 per share, for a total transaction of $38,809.55. Following the completion of the transaction, the chief executive officer owned 1,225,207 shares in the company, valued at $796,384.55. The trade was a 5.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.40% of the stock is owned by insiders.

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.