Olenox Industries (NASDAQ:OLOX) Shares Down 1% – Here’s What Happened
by Doug Wharley · The Cerbat GemOlenox Industries Inc (NASDAQ:OLOX – Get Free Report) shares fell 1% on Thursday . The company traded as low as $4.80 and last traded at $4.97. 11,399 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 42,479 shares. The stock had previously closed at $5.02.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Olenox Industries has a consensus rating of “Sell”.
View Our Latest Stock Analysis on OLOX
Olenox Industries Trading Down 1.4%
The stock has a market capitalization of $3.04 million, a P/E ratio of -0.01 and a beta of 1.52. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $16.99.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in OLOX. XTX Topco Ltd increased its stake in shares of Olenox Industries by 360.3% in the second quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after buying an additional 39,576 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Olenox Industries in the fourth quarter worth $73,000. Jane Street Group LLC purchased a new position in shares of Olenox Industries in the fourth quarter worth $70,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Olenox Industries in the fourth quarter worth $32,000. 3.50% of the stock is owned by hedge funds and other institutional investors.
About Olenox Industries
Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.
Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.