Safe and Green Development (NASDAQ:RENX) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of Safe and Green Development (NASDAQ:RENX) to a sell rating in a research note published on Monday morning.

Safe and Green Development Stock Up 0.6%

RENX opened at $1.59 on Monday. Safe and Green Development has a 12 month low of $1.42 and a 12 month high of $47.20. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.79. The business’s 50-day moving average price is $2.90 and its 200-day moving average price is $11.95. The company has a market cap of $3.69 million, a P/E ratio of -0.35 and a beta of 3.86.

Institutional Trading of Safe and Green Development

A hedge fund recently bought a new stake in Safe and Green Development stock. Citadel Advisors LLC acquired a new stake in shares of Safe and Green Development Corporation (NASDAQ:RENX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,346 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 0.42% of Safe and Green Development as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 2.59% of the company’s stock.

Safe and Green Development Company Profile

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.