Kaspien (NASDAQ:KSPN) Announces Quarterly Earnings Results

Kaspien (NASDAQ:KSPN) released its earnings results on Wednesday. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.02), Fidelity Earnings reports. Kaspien had a negative net margin of 2.46% and a negative return on equity of 426.52%.

NASDAQ KSPN opened at $26.98 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.54 and a quick ratio of 0.31. Kaspien has a 52 week low of $5.52 and a 52 week high of $63.10. The company has a fifty day moving average price of $22.46. The firm has a market cap of $66.88 million, a PE ratio of -12.61 and a beta of 0.17.

A hedge fund recently raised its stake in Kaspien stock. Morgan Stanley increased its stake in shares of Kaspien Holdings Inc. (NASDAQ:KSPN) by 87.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,875 shares of the company’s stock after purchasing an additional 875 shares during the period. Morgan Stanley owned approximately 0.08% of Kaspien worth $45,000 as of its most recent SEC filing. Institutional investors and hedge funds own 36.65% of the company’s stock.

Separately, Aegis assumed coverage on Kaspien in a research note on Wednesday, March 24th. They issued a “buy” rating and a $60.00 target price for the company.

About Kaspien

Kaspien Holdings Inc operates a platform of software and services on digital marketplaces. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, eBay, Target, and others. The company was formerly known as Trans World Entertainment Corporation and changed its name to Kaspien Holdings Inc in September 2020.

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Earnings History for Kaspien (NASDAQ:KSPN)

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