Onfolio (NASDAQ:ONFO) CEO Dominic Benjamin James Wells Purchases 14,793 Shares

Onfolio Holdings Inc. (NASDAQ:ONFO) CEO Dominic Benjamin James Wells purchased 14,793 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $0.73 per share, for a total transaction of $10,798.89. Following the completion of the transaction, the chief executive officer owned 1,240,000 shares in the company, valued at approximately $905,200. This represents a 1.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dominic Benjamin James Wells also recently made the following trade(s):

• On Tuesday, December 30th, Dominic Benjamin James Wells acquired 59,707 shares of Onfolio stock. The shares were bought at an average price of $0.65 per share, with a total value of $38,809.55.

Onfolio Trading Up 10.5%

Onfolio stock opened at $0.75 on Friday. Onfolio Holdings Inc. has a 12 month low of $0.59 and a 12 month high of $1.95. The company has a market capitalization of $3.85 million, a price-to-earnings ratio of -1.63 and a beta of 2.88. The business’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $1.01. The company has a current ratio of 0.49, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $2.74 million during the quarter. Onfolio had a negative return on equity of 43.97% and a negative net margin of 17.18%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Onfolio in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.