Safe & Green (NASDAQ:SGBX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Safe & Green (NASDAQ:SGBX) to a sell rating in a research report sent to investors on Saturday.

Safe & Green Price Performance

Shares of NASDAQ SGBX opened at $8.39 on Friday. Safe & Green has a 1-year low of $7.00 and a 1-year high of $122.88. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $31.86.

Safe & Green (NASDAQ:SGBX) last issued its earnings results on Thursday, August 14th. The company reported ($30.08) earnings per share for the quarter. Safe & Green had a negative return on equity of 411.70% and a negative net margin of 411.90%.The company had revenue of $0.72 million during the quarter.

Institutional Investors Weigh In On Safe & Green

An institutional investor recently raised its position in Safe & Green stock. XTX Topco Ltd boosted its stake in Safe & Green Holdings Corp. (NASDAQ:SGBX) by 360.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,561 shares of the company’s stock after buying an additional 39,576 shares during the period. XTX Topco Ltd owned 0.41% of Safe & Green worth $33,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.50% of the company’s stock.

Safe & Green Company Profile

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.