Lendway (NASDAQ:TULP) Trading Down 2.3% – Here’s What Happened

Lendway, Inc. (NASDAQ:TULP)’s stock price dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as $3.88 and last traded at $3.89. Approximately 2,780 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 5,255 shares. The stock had previously closed at $3.98.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on 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, the stock presently has an average rating of “Sell”.

Lendway Trading Down 2.3%

The firm has a market capitalization of $6.89 million, a PE ratio of -1.88 and a beta of 2.86. The company has a current ratio of 1.80, a quick ratio of 0.47 and a debt-to-equity ratio of 3.59.

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.