Kaspien (NASDAQ:KSPN) issued its quarterly earnings results on Wednesday. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.02), Fidelity Earnings reports. Kaspien had a negative return on equity of 426.52% and a negative net margin of 2.46%.
Shares of KSPN opened at $26.98 on Friday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.31 and a current ratio of 1.54. The company has a 50-day moving average price of $22.46. The firm has a market cap of $66.88 million, a P/E ratio of -12.61 and a beta of 0.17. Kaspien has a one year low of $5.52 and a one year high of $63.10.
A hedge fund recently raised its stake in Kaspien stock. Morgan Stanley increased its position in Kaspien Holdings Inc. (NASDAQ:KSPN) by 87.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,875 shares of the company’s stock after buying an additional 875 shares during the period. Morgan Stanley owned 0.08% of Kaspien worth $45,000 at the end of the most recent reporting period. Institutional investors own 36.65% of the company’s stock.
Kaspien Holdings Inc operates a platform of software and services on digital marketplaces. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, eBay, Target, and others. The company was formerly known as Trans World Entertainment Corporation and changed its name to Kaspien Holdings Inc in September 2020.
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