Stran & Company, Inc. (NASDAQ:SWAG – Get Free Report) released its earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02, FiscalAI reports. Stran & Company, Inc. had a net margin of 0.33% and a return on equity of 1.26%. The business had revenue of $33.36 million during the quarter, compared to the consensus estimate of $11.23 million.
Stran & Company, Inc. Price Performance
NASDAQ SWAG remained flat at $2.04 on Tuesday. 111,506 shares of the company’s stock traded hands, compared to its average volume of 71,621. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.20 and a quick ratio of 1.76. The business has a 50 day simple moving average of $2.09 and a two-hundred day simple moving average of $1.89. Stran & Company, Inc. has a 1 year low of $1.39 and a 1 year high of $3.50. The stock has a market capitalization of $38.03 million, a P/E ratio of 204.20 and a beta of 1.98.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd raised its holdings in shares of Stran & Company, Inc. by 113.7% in the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock valued at $36,000 after purchasing an additional 11,562 shares during the period. Commonwealth Equity Services LLC grew its holdings in Stran & Company, Inc. by 31.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock worth $58,000 after purchasing an additional 8,300 shares during the period. State Street Corp grew its holdings in Stran & Company, Inc. by 27.8% during the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after purchasing an additional 12,500 shares during the period. Mink Brook Asset Management LLC bought a new position in Stran & Company, Inc. during the second quarter worth about $125,000. Finally, Citadel Advisors LLC increased its position in Stran & Company, Inc. by 102.2% during the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after buying an additional 48,382 shares during the last quarter. Institutional investors own 56.42% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Stran & Company, Inc.
About Stran & Company, Inc.
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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