Lendway (NASDAQ:TULP) Announces Quarterly Earnings Results

Lendway (NASDAQ:TULP) announced its quarterly earnings data on Thursday. The company reported ($0.50) earnings per share (EPS) for the quarter, Zacks reports. Lendway had a negative return on equity of 45.46% and a negative net margin of 23.23%. The firm had revenue of $4.96 million for the quarter.

Lendway Price Performance

Shares of TULP stock remained flat at $2.35 during trading hours on Thursday. The company’s stock had a trading volume of 2,227 shares, compared to its average volume of 7,395. Lendway has a 52-week low of $2.00 and a 52-week high of $5.40. The company’s fifty day moving average is $2.76 and its 200 day moving average is $3.49. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $11.35 million, a P/E ratio of -0.53 and a beta of 2.81.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 11th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Lendway Company Profile

Lendway, Inc. (NASDAQ:TULP) is a real estate company focused on investing in, developing, and managing real estate assets. Through its subsidiaries, the company participates in real estate ownership and related activities, with an emphasis on identifying opportunities that may generate long-term value. Lendway’s business activities include real estate investment, property operations, development, and financing-related services. Its portfolio and projects may include residential and commercial properties, while its financing activities support real estate transactions and investments.