Stran & Company, Inc. (NASDAQ:SWAG) Issues Earnings Results, Beats Estimates By $0.09 EPS

Stran & Company, Inc. (NASDAQ:SWAG) announced its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09, FiscalAI reports. Stran & Company, Inc. had a negative net margin of 0.64% and a negative return on equity of 2.41%. The company had revenue of $31.25 million during the quarter, compared to analyst estimates of $14.90 million.

Stran & Company, Inc. Price Performance

SWAG stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.68. The company had a trading volume of 137,479 shares, compared to its average volume of 83,552. The company has a market capitalization of $31.40 million, a price-to-earnings ratio of -33.59 and a beta of 1.89. Stran & Company, Inc. has a 12-month low of $1.01 and a 12-month high of $3.50. The company has a quick ratio of 1.88, a current ratio of 2.34 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.85.

Institutional Trading of Stran & Company, Inc.

Several hedge funds have recently made changes to their positions in SWAG. XTX Topco Ltd raised its position in Stran & Company, Inc. by 113.7% in the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after purchasing an additional 11,562 shares during the period. Commonwealth Equity Services LLC raised its position in Stran & Company, Inc. by 31.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock worth $58,000 after purchasing an additional 8,300 shares during the period. State Street Corp raised its position in 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 2nd quarter worth about $125,000. Finally, Citadel Advisors LLC raised its position in Stran & Company, Inc. by 102.2% in the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after purchasing an additional 48,382 shares during the period. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SWAG shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Tuesday, April 21st. Wall Street Zen raised shares of Stran & Company, Inc. to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Stran & Company, Inc.

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.