Steel Connect (NASDAQ:STCN) Stock Price Crosses Above 200-Day Moving Average of $1.20

Steel Connect, Inc. (NASDAQ:STCN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.20 and traded as high as $2.04. Steel Connect shares last traded at $1.98, with a volume of 265,891 shares trading hands.

The firm has a 50 day simple moving average of $1.86 and a 200-day simple moving average of $1.20. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 8.61. The company has a market cap of $124.74 million, a PE ratio of -7.62 and a beta of 1.04.

Steel Connect (NASDAQ:STCN) last posted its earnings results on Wednesday, March 10th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. Steel Connect had a negative net margin of 1.87% and a negative return on equity of 28.00%. The company had revenue of $156.05 million during the quarter.

A hedge fund recently raised its stake in Steel Connect stock. Renaissance Technologies LLC raised its stake in Steel Connect, Inc. (NASDAQ:STCN) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,730,877 shares of the technology company’s stock after purchasing an additional 293,441 shares during the period. Renaissance Technologies LLC owned 4.35% of Steel Connect worth $2,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 46.57% of the stock is owned by institutional investors.

About Steel Connect (NASDAQ:STCN)

Steel Connect, Inc, together with its subsidiaries, provides direct marketing and supply chain services in the United States, China, the Netherlands, and internationally. It offers data-driven marketing solutions, including strategy, data and analytics, response analysis, creative services, lithographic and digital printing, envelope printing and converting, component manufacturing, promotional cards, data processing and hygiene, content and asset management, personalization, lettershop and bindery, and postal optimization for paper-based direct marketing and omnichannel marketing campaigns, as well as provides business continuity and disaster recovery services.

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