Lendway (NASDAQ:TULP) Stock Price Down 2.2% – Should You Sell?

Lendway, Inc. (NASDAQ:TULP)’s stock price fell 2.2% during trading on Thursday . The stock traded as low as $3.97 and last traded at $3.99. 3,101 shares traded hands during trading, an increase of 6% from the average session volume of 2,914 shares. The stock had previously closed at $4.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Lendway in a report on Monday, March 2nd. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lendway has a consensus rating of “Sell”.

Lendway Stock Down 2.2%

The company has a quick ratio of 0.47, a current ratio of 1.80 and a debt-to-equity ratio of 3.59. The stock has a market capitalization of $7.06 million, a price-to-earnings ratio of -1.93 and a beta of 2.65. The stock has a fifty day moving average price of $3.94.

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

About Lendway

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.