CFN Enterprises (OTCMKTS:CNFN) Trading 493.3% Higher – Still a Buy?

CFN Enterprises Inc. (OTCMKTS:CNFN)’s stock price shot up 493.3% during mid-day trading on Wednesday . The stock traded as high as $1.00 and last traded at $0.89. 512 shares changed hands during trading, an increase of 78% from the average daily volume of 287 shares. The stock had previously closed at $0.15.

CFN Enterprises Price Performance

The firm has a 50 day moving average price of $0.54 and a 200 day moving average price of $0.73. The stock has a market cap of $8.86 million, a P/E ratio of -2.41 and a beta of 1.04.

CFN Enterprises (OTCMKTS:CNFN) last announced its quarterly earnings data on Wednesday, August 26th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $0.05 million during the quarter.

CFN Enterprises Company Profile

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.