Olenox Industries (NASDAQ:OLOX) Announces Quarterly Earnings Results

Olenox Industries (NASDAQ:OLOX) issued its earnings results on Friday. The company reported ($5.22) earnings per share (EPS) for the quarter, Zacks reports. Olenox Industries had a negative return on equity of 90.11% and a negative net margin of 637.32%.

Olenox Industries Trading Up 0.8%

OLOX stock traded up $0.04 during trading on Friday, hitting $4.79. 7,300 shares of the company traded hands, compared to its average volume of 320,408. The firm has a market capitalization of $6.23 million, a PE ratio of -0.01 and a beta of 1.64. Olenox Industries has a 1 year low of $4.10 and a 1 year high of $437.06. The company has a 50-day moving average of $5.92 and a 200-day moving average of $9.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.04 and a current ratio of 0.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Olenox Industries presently has an average rating of “Sell”.

Institutional Trading of Olenox Industries

Several hedge funds and other institutional investors have recently bought and sold shares of OLOX. XTX Topco Ltd boosted its position in Olenox Industries by 360.3% during the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock valued at $33,000 after buying an additional 39,576 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Olenox Industries during the 4th quarter valued at $73,000. Jane Street Group LLC bought a new position in Olenox Industries in the 4th quarter worth $70,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Olenox Industries in the 4th quarter worth about $32,000. Institutional investors own 3.50% of the company’s stock.

Olenox Industries Company Profile

Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.

Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.