Stran & Company, Inc. (NASDAQ:SWAG) Issues Earnings Results

Stran & Company, Inc. (NASDAQ:SWAG) posted its earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, Zacks reports. The business had revenue of $25.98 million for the quarter. Stran & Company, Inc. had a negative net margin of 2.19% and a negative return on equity of 7.47%.

Stran & Company, Inc. Trading Up 0.3%

Stran & Company, Inc. stock opened at $3.35 on Thursday. The stock has a 50-day moving average price of $1.90 and a 200 day moving average price of $1.57. Stran & Company, Inc. has a 52 week low of $0.73 and a 52 week high of $3.50. The stock has a market cap of $62.18 million, a PE ratio of -25.77 and a beta of 2.12. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Stran & Company, Inc.

A hedge fund recently bought a new stake in Stran & Company, Inc. stock. Mink Brook Asset Management LLC acquired a new stake in Stran & Company, Inc. (NASDAQ:SWAG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 86,772 shares of the company’s stock, valued at approximately $125,000. Mink Brook Asset Management LLC owned about 0.47% of Stran & Company, Inc. at the end of the most recent reporting period. 56.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Stran & Company, Inc. Company Profile

Stran & Co, Inc engages in the provision of promotional marketing and branded merchandise services. It offers promotional product, custom manufacturing, custom packaging, warehousing, and program management. The company was founded by Andrew Shape and Andrew Stranberg in 1994 and is headquartered in Quincy, MA.