Greenlane (NASDAQ:GNLN) Shares Up 1.9% – Here’s Why

Greenlane Holdings, Inc. (NASDAQ:GNLN) shares traded up 1.9% on Thursday . The stock traded as high as $2.90 and last traded at $2.64. 100,256 shares were traded during trading, an increase of 5% from the average session volume of 95,334 shares. The stock had previously closed at $2.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenlane in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Greenlane Trading Up 1.9%

The company has a market cap of $3.97 million, a P/E ratio of -0.01 and a beta of 1.15. The company has a 50 day moving average price of $3.22 and a 200-day moving average price of $3.86.

Greenlane (NASDAQ:GNLN) last announced its quarterly earnings data on Friday, November 14th. The company reported ($6.44) earnings per share for the quarter. Greenlane had a negative return on equity of 164.19% and a negative net margin of 532.82%.The business had revenue of $0.74 million for the quarter.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.