CFN Enterprises (OTCMKTS:CNFN) Shares Down 29.9% – What’s Next?

CFN Enterprises Inc. (OTCMKTS:CNFN)’s share price dropped 29.9% on Wednesday . The stock traded as low as $1.10 and last traded at $1.10. Approximately 2,740 shares traded hands during mid-day trading, an increase of 10,378% from the average daily volume of 26 shares. The stock had previously closed at $1.57.

CFN Enterprises Stock Down 29.9%

The stock has a fifty day simple moving average of $2.09 and a 200 day simple moving average of $2.06. The firm has a market capitalization of $9.44 million, a P/E ratio of -0.96 and a beta of 1.28.

CFN Enterprises (OTCMKTS:CNFN) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $6.64 million during the quarter.

About CFN Enterprises

CFN Enterprises, Inc (OTC: CNFN) operates as a specialty packaging and supply chain solutions provider for consumer products companies. The company designs, manufactures and supplies a wide selection of rigid packaging components—such as plastic bottles, jars, closures and droppers—catering to markets that include aromatherapy, personal care, over-the-counter pharmaceuticals and specialty food and beverage.

Through its combined manufacturing footprint in the United States and China, CFN Enterprises offers injection blow molding, extrusion blow molding and injection molding capabilities.