Olenox Industries (NASDAQ:OLOX) Issues Quarterly Earnings Results

Olenox Industries (NASDAQ:OLOX) posted its quarterly earnings data on Wednesday. The company reported ($3.11) EPS for the quarter, FiscalAI reports. The company had revenue of $2.12 million for the quarter. Olenox Industries had a negative net margin of 427.82% and a negative return on equity of 134.66%.

Olenox Industries Stock Down 12.9%

Shares of NASDAQ:OLOX opened at $2.10 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.05. Olenox Industries has a 1 year low of $2.05 and a 1 year high of $134.27. The stock has a market capitalization of $2.96 million, a P/E ratio of -0.01 and a beta of 1.66. The stock has a 50-day simple moving average of $4.81 and a 200-day simple moving average of $7.92.

Institutional Investors Weigh In On Olenox Industries

Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new position in shares of Olenox Industries during the 4th quarter valued at $32,000. XTX Topco Ltd boosted its position in Olenox Industries by 360.3% during the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock worth $33,000 after purchasing an additional 39,576 shares during the period. Jane Street Group LLC acquired a new stake in Olenox Industries in the 4th quarter valued at $70,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Olenox Industries in the 4th quarter valued at $73,000. 3.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a report on Friday, May 29th. One 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”.

About Olenox Industries

Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.

Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.