CFN Enterprises (OTCMKTS:CNFN) Stock Price Down 60.6% – Here’s Why

Shares of CFN Enterprises Inc. (OTCMKTS:CNFNGet Free Report) were down 60.6% on Wednesday . The company traded as low as $0.3522 and last traded at $0.3522. Approximately 4,017 shares traded hands during trading, an increase of 960% from the average daily volume of 379 shares. The stock had previously closed at $0.8940.

CFN Enterprises Stock Down 60.6%

The stock has a 50 day simple moving average of $0.63 and a 200 day simple moving average of $0.83. The stock has a market cap of $3.36 million, a price-to-earnings ratio of -0.72 and a beta of 1.03.

CFN Enterprises (OTCMKTS:CNFNGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $0.09 million during the quarter.

CFN Enterprises Company Profile

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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.

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