Onfolio (NASDAQ:ONFO) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Onfolio (NASDAQ:ONFO) to a strong sell rating in a report published on Saturday morning.

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

Onfolio Stock Down 9.3%

ONFO stock opened at $2.35 on Friday. Onfolio has a one year low of $2.06 and a one year high of $123.92. The firm has a market cap of $329,000.00, a PE ratio of -0.05 and a beta of 3.58. The firm’s 50 day moving average price is $9.95 and its 200-day moving average price is $27.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.20 and a current ratio of 0.20.

Onfolio (NASDAQ:ONFO) last issued its quarterly earnings data on Friday, May 15th. The company reported ($16.00) earnings per share for the quarter, missing the consensus estimate of ($5.50) by ($10.50). The business had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $1.68 million. Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.

Onfolio Company Profile

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.