Stran & Company, Inc. (NASDAQ:SWAG) Releases Quarterly Earnings Results, Hits Expectations

Stran & Company, Inc. (NASDAQ:SWAG) released its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02, FiscalAI reports. The company had revenue of $33.36 million for the quarter, compared to the consensus estimate of $11.23 million. Stran & Company, Inc. had a net margin of 0.33% and a return on equity of 1.26%.

Stran & Company, Inc. Price Performance

Shares of NASDAQ SWAG remained flat at $2.04 during trading on Tuesday. 45,468 shares of the stock traded hands, compared to its average volume of 71,178. The company’s 50 day moving average price is $2.09 and its two-hundred day moving average price is $1.89. The firm has a market capitalization of $38.03 million, a P/E ratio of 204.20 and a beta of 1.98. The company has a quick ratio of 1.76, a current ratio of 2.20 and a debt-to-equity ratio of 0.01. Stran & Company, Inc. has a 12-month low of $1.39 and a 12-month high of $3.50.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Stran & Company, Inc. from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Stran & Company, Inc. has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd increased its holdings in Stran & Company, Inc. by 113.7% during the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after buying an additional 11,562 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Stran & Company, Inc. by 31.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after acquiring an additional 8,300 shares during the last quarter. State Street Corp raised its holdings in shares of Stran & Company, Inc. by 27.8% in the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after purchasing an additional 12,500 shares during the period. Mink Brook Asset Management LLC purchased a new stake in Stran & Company, Inc. in the second quarter worth $125,000. Finally, Citadel Advisors LLC raised its stake in shares of Stran & Company, Inc. by 102.2% in the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after buying an additional 48,382 shares during the period. Hedge funds and other institutional investors own 56.42% of the company’s stock.

Stran & Company, Inc. Company Profile

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.