Edible Garden (NASDAQ:EDBL) Downgraded to Sell Rating by Wall Street Zen

Edible Garden (NASDAQ:EDBL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Edible Garden Trading Down 5.5%

Shares of EDBL opened at $2.07 on Friday. The stock has a market capitalization of $5.71 million, a P/E ratio of -0.06 and a beta of 2.06. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $2.96. Edible Garden has a twelve month low of $1.80 and a twelve month high of $32.25.

Edible Garden (NASDAQ:EDBL) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($6.58) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($5.84). The firm had revenue of $3.15 million for the quarter, compared to analysts’ expectations of $4.48 million. Edible Garden had a negative net margin of 101.53% and a negative return on equity of 404.78%.

About Edible Garden

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.