Kaival Brands Innovations Group (NASDAQ:KAVL) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Kaival Brands Innovations Group (NASDAQ:KAVLGet Rating) announced its earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03, MarketWatch Earnings reports.

Kaival Brands Innovations Group Stock Down 3.3 %

KAVL stock opened at $1.17 on Wednesday. Kaival Brands Innovations Group has a fifty-two week low of $0.52 and a fifty-two week high of $5.14. The business has a 50-day moving average of $1.20 and a 200-day moving average of $1.39.

Institutional Investors Weigh In On Kaival Brands Innovations Group

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

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.

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

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