Kaspien (NASDAQ:KSPN) issued its quarterly earnings results on Monday. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.47) by $0.50, MarketWatch Earnings reports. Kaspien had a net margin of 0.06% and a return on equity of 2.52%. During the same period in the prior year, the firm posted ($0.49) EPS.
Shares of KSPN traded up $0.11 during mid-day trading on Wednesday, reaching $20.25. The company had a trading volume of 4,524 shares, compared to its average volume of 20,859. The stock has a market capitalization of $50.38 million, a P/E ratio of 92.05 and a beta of 0.18. Kaspien has a 52-week low of $7.03 and a 52-week high of $63.10. The stock has a 50 day moving average of $20.35 and a two-hundred day moving average of $23.10. The company has a quick ratio of 0.91, a current ratio of 2.97 and a debt-to-equity ratio of 0.43.
An institutional investor recently raised its position in Kaspien stock. Morgan Stanley grew its stake in Kaspien Holdings Inc. (NASDAQ:KSPN) by 87.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,875 shares of the company’s stock after purchasing an additional 875 shares during the period. Morgan Stanley owned about 0.08% of Kaspien worth $45,000 at the end of the most recent quarter. 36.22% of the stock is currently owned by hedge funds and other institutional investors.
Kaspien Holdings, Inc engages in the retail of entertainment products. It operates through the FYE and etailz segments. The FYE segment includes retail stores and e-commerce sites, which sell entertainment products including trend, video, music, electronics, and related products in the United States.
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