Onfolio (NASDAQ:ONFO) Posts Earnings Results

Onfolio (NASDAQ:ONFO) announced its earnings results on Friday. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21), Zacks reports. Onfolio had a negative net margin of 24.13% and a negative return on equity of 40.46%. The business had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.68 million.

Onfolio Trading Down 13.7%

Shares of ONFO stock opened at $0.88 on Friday. Onfolio has a 12-month low of $0.46 and a 12-month high of $2.48. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $0.88 and its 200 day moving average is $0.80. The stock has a market capitalization of $5.16 million, a P/E ratio of -1.02 and a beta of 3.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Onfolio has an average 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.