Lendway (NASDAQ:TULP) Stock Price Down 2.4% – Should You Sell?

Lendway, Inc. (NASDAQ:TULP) shares dropped 2.4% on Thursday . The stock traded as low as $3.66 and last traded at $3.66. 989 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 4,231 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

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

Lendway Trading Up 0.5%

The company has a debt-to-equity ratio of 5.08, a current ratio of 1.26 and a quick ratio of 0.63. The company has a market capitalization of $17.55 million, a PE ratio of -1.34 and a beta of 2.60. The company has a 50-day simple moving average of $3.87.

Lendway (NASDAQ:TULP) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.43) earnings per share for the quarter. The company had revenue of $14.44 million for the quarter. Lendway had a negative net margin of 9.79% and a negative return on equity of 42.76%.

Lendway Company Profile

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.