SHF (NASDAQ:SHFS) Issues Quarterly Earnings Results

SHF (NASDAQ:SHFS) issued its earnings results on Friday. The company reported ($0.36) earnings per share for the quarter, Zacks reports. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.

SHF Price Performance

Shares of NASDAQ:SHFS traded down $0.00 during midday trading on Friday, hitting $0.17. 381,319 shares of the company’s stock were exchanged, compared to its average volume of 1,569,162. SHF has a 12 month low of $0.17 and a 12 month high of $9.19. The company has a market cap of $1.13 million, a PE ratio of -0.18 and a beta of 0.81. The stock has a 50 day moving average price of $0.26 and a 200-day moving average price of $0.63.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SHF has a consensus rating of “Sell”.

About SHF

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.