Wall Street Zen Upgrades Olenox Industries (NASDAQ:OLOX) to “Hold”

Olenox Industries (NASDAQ:OLOX) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Olenox Industries has an average rating of “Sell”.

Olenox Industries Price Performance

NASDAQ OLOX opened at $0.86 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.12 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.44 million, a price-to-earnings ratio of -0.05 and a beta of 1.56. The company has a 50 day moving average of $2.50 and a 200-day moving average of $5.37. Olenox Industries has a 1-year low of $0.69 and a 1-year high of $93.40.

Olenox Industries (NASDAQ:OLOX) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($3.11) earnings per share (EPS) for the quarter. Olenox Industries had a negative return on equity of 117.43% and a negative net margin of 427.82%.The company had revenue of $2.12 million for the quarter.

About Olenox Industries

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects. The Medical segment consists of joint venture COVID-19 laboratory operations. The Development segment focuses on real property development.