Stran & Company, Inc. (NASDAQ:SWAG – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09, FiscalAI reports. Stran & Company, Inc. had a negative net margin of 0.64% and a negative return on equity of 2.41%. The business had revenue of $31.25 million during the quarter, compared to analysts’ expectations of $14.90 million.
Stran & Company, Inc. Price Performance
SWAG stock traded up $0.19 during trading on Wednesday, reaching $1.87. 184,370 shares of the company were exchanged, compared to its average volume of 85,479. The company has a 50-day moving average of $1.68 and a two-hundred day moving average of $1.85. The company has a market capitalization of $34.86 million, a price-to-earnings ratio of -37.29 and a beta of 1.89. Stran & Company, Inc. has a twelve month low of $1.02 and a twelve month high of $3.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.34 and a quick ratio of 1.88.
Wall Street Analysts Forecast Growth
SWAG has been the subject of several analyst reports. Wall Street Zen upgraded shares of Stran & Company, Inc. to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Stran & Company, Inc. in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Stran & Company, Inc. has a consensus rating of “Sell”.
Hedge Funds Weigh In On Stran & Company, Inc.
A number of institutional investors have recently added to or reduced their stakes in SWAG. Mink Brook Asset Management LLC acquired a new position in Stran & Company, Inc. during the 2nd quarter worth approximately $125,000. Citadel Advisors LLC grew its holdings in Stran & Company, Inc. by 102.2% during the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after acquiring an additional 48,382 shares during the last quarter. Geode Capital Management LLC grew its holdings in Stran & Company, Inc. by 23.3% during the 4th quarter. Geode Capital Management LLC now owns 98,042 shares of the company’s stock worth $163,000 after acquiring an additional 18,500 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Stran & Company, Inc. by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock worth $454,000 after acquiring an additional 79,589 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Stran & Company, Inc. by 31.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock worth $58,000 after acquiring an additional 8,300 shares during the last quarter. 56.42% of the stock is currently owned by institutional investors and hedge funds.
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.
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