SHF (NASDAQ:SHFS) Trading Down 1%

SHF Holdings, Inc. (NASDAQ:SHFS) dropped 1% during mid-day trading on Monday . The stock traded as low as $0.54 and last traded at $0.57. Approximately 50,006 shares were traded during trading, a decline of 27% from the average daily volume of 68,903 shares. The stock had previously closed at $0.58.

SHF Trading Down 1.0 %

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The stock has a market cap of $31.58 million, a P/E ratio of -2.03 and a beta of 0.17. The business’s fifty day simple moving average is $0.61 and its 200 day simple moving average is $0.69.

SHF (NASDAQ:SHFS) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.02 EPS for the quarter. SHF had a net margin of 27.99% and a return on equity of 7.94%. The business had revenue of $4.04 million for the quarter.

Hedge Funds Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,998 shares of the company’s stock after acquiring an additional 22,070 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.08% of SHF worth $51,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 29.19% of the company’s stock.

SHF Company Profile

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.