Lendway (NASDAQ:TULP) Stock Price Up 0.4% – Here’s What Happened

Lendway, Inc. (NASDAQ:TULP) shot up 0.4% during mid-day trading on Thursday. The company traded as high as $2.73 and last traded at $2.72. 496 shares were traded during trading, a decline of 83% from the average daily volume of 3,005 shares. The stock had previously closed at $2.71.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lendway from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lendway Price Performance

The company has a 50 day moving average of $3.28 and a 200-day moving average of $3.63. The firm has a market capitalization of $13.16 million, a P/E ratio of -0.61 and a beta of 2.68. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 1.56.

About Lendway

Lendway, Inc (NASDAQ:TULP) is a real estate company focused on the acquisition, development and management of residential properties, particularly multifamily housing. Its activities include identifying real estate opportunities, overseeing property development and managing assets after completion.

The company’s business is centered on residential real estate investments and related development activities in the United States. Its portfolio and operations may change over time as Lendway acquires, develops or disposes of properties.

Lendway’s public disclosures provide limited detail about its broader product offerings, geographic markets and leadership beyond its real estate focus.