Onfolio (NASDAQ:ONFO) Lowered to “Strong Sell” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Onfolio (NASDAQ:ONFO – Free Report) to a strong sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings upgraded shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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Onfolio Trading Up 12.1%

Shares of Onfolio stock opened at $2.59 on Friday. The firm’s 50 day moving average is $10.33 and its 200 day moving average is $27.90. The firm has a market capitalization of $362,600.00, a PE ratio of -0.06 and a beta of 3.57. Onfolio has a 1 year low of $2.06 and a 1 year high of $123.92. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16.

Onfolio (NASDAQ:ONFO – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($16.00) EPS for the quarter, missing analysts’ consensus estimates of ($5.50) by ($10.50). Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%. The firm had revenue of $1.87 million during the quarter, compared to the consensus estimate of $1.68 million.

Onfolio Company Profile

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Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.

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