Safe & Green (NASDAQ:SGBX) Shares Down 10%

Safe & Green Holdings Corp. (NASDAQ:SGBX) was down 10% on Wednesday . The stock traded as low as $0.15 and last traded at $0.16. Approximately 300,828 shares changed hands during trading, a decline of 55% from the average daily volume of 662,528 shares. The stock had previously closed at $0.17.

Safe & Green Stock Performance

The company has a 50-day moving average of $0.24 and a two-hundred day moving average of $0.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.43 and a current ratio of 0.45.

Hedge Funds Weigh In On Safe & Green

A hedge fund recently bought a new stake in Safe & Green stock. Jane Street Group LLC acquired a new position in Safe & Green Holdings Corp. (NASDAQ:SGBX) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 52,406 shares of the company’s stock, valued at approximately $87,000. Jane Street Group LLC owned 0.44% of Safe & Green at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.50% of the company’s stock.

Safe & Green Company Profile

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States.The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction.