Kaival Brands Innovations Group (NASDAQ:KAVL) Issues Earnings Results

Kaival Brands Innovations Group (NASDAQ:KAVLGet Rating) posted its quarterly earnings results on Monday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03, MarketWatch Earnings reports.

Kaival Brands Innovations Group Price Performance

Shares of NASDAQ:KAVL opened at $1.17 on Wednesday. The firm has a 50 day moving average of $1.20 and a 200 day moving average of $1.39. Kaival Brands Innovations Group has a 52 week low of $0.52 and a 52 week high of $5.14.

Institutional Trading of Kaival Brands Innovations Group

Several hedge funds and other institutional investors have recently bought and sold shares of KAVL. Vanguard Group Inc. raised its position in shares of Kaival Brands Innovations Group by 2,362.1% in the 1st quarter. Vanguard Group Inc. now owns 763,185 shares of the company’s stock worth $1,083,000 after acquiring an additional 732,188 shares in the last quarter. Citadel Advisors LLC bought a new position in Kaival Brands Innovations Group in the second quarter worth about $186,000. Virtu Financial LLC purchased a new stake in shares of Kaival Brands Innovations Group during the second quarter valued at about $74,000. Northern Trust Corp purchased a new stake in shares of Kaival Brands Innovations Group during the first quarter valued at about $37,000. Finally, State Street Corp bought a new stake in shares of Kaival Brands Innovations Group in the 1st quarter valued at about $32,000.

About Kaival Brands Innovations Group

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Kaival Brands Innovations Group, Inc distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors.

See Also

Earnings History for Kaival Brands Innovations Group (NASDAQ:KAVL)

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