Lendway (NASDAQ:TULP) Announces Earnings Results

Lendway (NASDAQ:TULP) announced its quarterly earnings results on Wednesday. The company reported ($0.43) EPS for the quarter, FiscalAI reports. Lendway had a negative return on equity of 28.26% and a negative net margin of 7.65%.The company had revenue of $14.44 million during the quarter.

Lendway Price Performance

Shares of TULP stock remained flat at $3.92 on Thursday. 3,417 shares of the company were exchanged, compared to its average volume of 2,947. The business has a 50-day moving average price of $3.95. Lendway has a 1 year low of $3.11 and a 1 year high of $6.19. The firm has a market capitalization of $6.94 million, a PE ratio of -1.89 and a beta of 2.65. The company has a quick ratio of 0.47, a current ratio of 1.80 and a debt-to-equity ratio of 3.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Lendway in a report on Monday, March 2nd. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lendway presently has an average rating of “Sell”.

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.