Kaspien (NASDAQ:KSPN) Announces Quarterly Earnings Results

Kaspien (NASDAQ:KSPN) issued its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.50, MarketWatch Earnings reports. Kaspien had a net margin of 0.06% and a return on equity of 2.52%. During the same period in the previous year, the business posted ($0.49) earnings per share.

KSPN stock opened at $20.25 on Wednesday. The company has a 50 day simple moving average of $20.35 and a 200 day simple moving average of $23.10. The stock has a market cap of $50.38 million, a price-to-earnings ratio of 92.05 and a beta of 0.18. Kaspien has a 1 year low of $7.03 and a 1 year high of $63.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.97 and a quick ratio of 0.91.

Separately, Zacks Investment Research upgraded shares of Kaspien from a “sell” rating to a “hold” rating in a research report on Tuesday, August 17th.

An institutional investor recently raised its position in Kaspien stock. Morgan Stanley increased its stake in shares of Kaspien Holdings Inc. (NASDAQ:KSPN) by 248.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,525 shares of the company’s stock after purchasing an additional 4,650 shares during the quarter. Morgan Stanley owned approximately 0.26% of Kaspien worth $159,000 at the end of the most recent reporting period. 36.22% of the stock is owned by institutional investors and hedge funds.

About Kaspien

Kaspien Holdings, Inc engages in the retail of entertainment products. It operates through the FYE and etailz segments. The FYE segment includes retail stores and e-commerce sites, which sell entertainment products including trend, video, music, electronics, and related products in the United States.

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Earnings History for Kaspien (NASDAQ:KSPN)

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