Stran & Company, Inc. (NASDAQ:SWAG – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 25,710 shares, a decrease of 48.2% from the April 15th total of 49,604 shares. Based on an average daily volume of 47,042 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.
Stran & Company, Inc. Price Performance
Shares of NASDAQ SWAG traded up $0.11 during mid-day trading on Friday, hitting $1.89. 64,729 shares of the stock were exchanged, compared to its average volume of 68,657. The company has a market cap of $35.48 million, a P/E ratio of 189.19 and a beta of 1.89. The stock’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 2.20. Stran & Company, Inc. has a twelve month low of $1.05 and a twelve month high of $3.50.
Stran & Company, Inc. (NASDAQ:SWAG – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The company had revenue of $31.25 million during the quarter, compared to analyst estimates of $14.00 million. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on SWAG
Institutional Trading of Stran & Company, Inc.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWAG. Mink Brook Asset Management LLC boosted its holdings in Stran & Company, Inc. by 196.0% during the fourth quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock worth $499,000 after buying an additional 198,993 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Stran & Company, Inc. by 41.1% during the fourth quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock worth $454,000 after buying an additional 79,589 shares during the last quarter. Jane Street Group LLC boosted its holdings in Stran & Company, Inc. by 618.6% during the fourth quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock worth $163,000 after buying an additional 84,377 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Stran & Company, Inc. by 23.3% during the fourth quarter. Geode Capital Management LLC now owns 98,042 shares of the company’s stock worth $163,000 after buying an additional 18,500 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings 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. 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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