Weiss Ratings Reaffirms "Sell (D-)" Rating for Bogota Financial (NASDAQ:BSBK)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Bogota Financial (NASDAQ:BSBK), indicating ongoing concerns about the company's performance.
• Bogota Financial's stock price fell 0.2% to $8.68, with trading volume slightly above its average, reflecting a lack of investor confidence.
• The company reported a negative return on equity of 0.09% and a negative net margin of 0.27% in its most recent quarterly earnings, highlighting financial challenges.

Bogota Financial (NASDAQ:BSBK - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Bogota Financial Stock Down 0.2%

Bogota Financial stock traded down $0.02 during mid-day trading on Friday, hitting $8.68. The company's stock had a trading volume of 6,877 shares, compared to its average volume of 5,140. The firm's 50 day moving average is $9.12 and its 200 day moving average is $8.08. The company has a market cap of $112.94 million, a PE ratio of -868,100.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 1.07. Bogota Financial has a 52-week low of $6.59 and a 52-week high of $9.50.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.02 earnings per share (EPS) for the quarter. Bogota Financial had a negative return on equity of 0.09% and a negative net margin of 0.27%.

Bogota Financial Company Profile

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans; consumer loans, such as home equity loans and lines of credit; commercial and industrial loans; and construction loans; and buys, sells, and holds investment securities.

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