Olenox Industries (NASDAQ:OLOX) Releases Earnings Results

Olenox Industries (NASDAQ:OLOX) posted its quarterly earnings data on Wednesday. The company reported ($3.11) earnings per share for the quarter, FiscalAI reports. Olenox Industries had a negative return on equity of 117.56% and a negative net margin of 701.31%.The firm had revenue of $2.12 million for the quarter.

Olenox Industries Stock Down 7.7%

Shares of OLOX stock traded down $0.20 during trading hours on Wednesday, reaching $2.40. The company had a trading volume of 327,260 shares, compared to its average volume of 301,318. The company has a market cap of $3.39 million, a price-to-earnings ratio of -0.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.05 and a quick ratio of 0.04. Olenox Industries has a 12 month low of $2.10 and a 12 month high of $144.96. The business has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $8.10.

Institutional Investors Weigh In On Olenox Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd grew its position in Olenox Industries by 360.3% in the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after purchasing an additional 39,576 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Olenox Industries in the 4th quarter worth approximately $73,000. Jane Street Group LLC bought a new position in shares of Olenox Industries in the fourth quarter valued at approximately $70,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Olenox Industries during the fourth quarter valued at approximately $32,000. 3.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Olenox Industries in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Olenox Industries has a consensus rating of “Sell”.

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.