SHF (NASDAQ:SHFS) Issues Earnings Results

SHF (NASDAQ:SHFS) posted its quarterly earnings results on Friday. The company reported ($0.36) earnings per share (EPS) for the quarter, Zacks reports. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.

SHF Price Performance

SHF stock traded down $0.00 during mid-day trading on Friday, hitting $0.17. The company’s stock had a trading volume of 381,319 shares, compared to its average volume of 1,569,162. SHF has a 52-week low of $0.17 and a 52-week high of $9.19. The company has a market cap of $1.13 million, a PE ratio of -0.18 and a beta of 0.81. The firm’s 50 day moving average is $0.26 and its 200 day moving average is $0.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About SHF

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.