Stran & Company, Inc. (NASDAQ:SWAG) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Stran & Company, Inc. (NASDAQ:SWAG) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) 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 company had revenue of $31.25 million during the quarter, compared to the consensus estimate of $14.90 million.

Stran & Company, Inc. Stock Performance

Shares of SWAG stock traded down $0.01 on Tuesday, reaching $1.68. The stock had a trading volume of 91,106 shares, compared to its average volume of 83,552. The company has a quick ratio of 1.88, a current ratio of 2.34 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.85. The firm has a market capitalization of $31.40 million, a price-to-earnings ratio of -33.59 and a beta of 1.89. Stran & Company, Inc. has a 12 month low of $1.01 and a 12 month high of $3.50.

Institutional Investors Weigh In On Stran & Company, Inc.

Several hedge funds have recently bought and sold shares of SWAG. Mink Brook Asset Management LLC acquired a new stake in Stran & Company, Inc. in the 2nd quarter valued at about $125,000. Citadel Advisors LLC lifted its stake in shares of 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 buying an additional 48,382 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 18,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of 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 buying an additional 79,589 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of 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 buying an additional 8,300 shares during the last quarter. 56.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SWAG shares. Wall Street Zen raised 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 report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.