Kaspien (NASDAQ:KSPN) Issues Quarterly Earnings Results

Kaspien (NASDAQ:KSPN) issued its earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted ($0.49) EPS.

NASDAQ KSPN opened at $20.25 on Wednesday. Kaspien has a 12 month low of $7.03 and a 12 month high of $63.10. The stock has a 50-day simple moving average of $20.35 and a 200 day simple moving average of $23.10. The company has a current ratio of 2.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $50.38 million, a PE ratio of 92.05 and a beta of 0.18.

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

An institutional investor recently raised its position in Kaspien stock. Morgan Stanley boosted its position in shares of Kaspien Holdings Inc. (NASDAQ:KSPN) by 87.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,875 shares of the company’s stock after purchasing an additional 875 shares during the period. Morgan Stanley owned about 0.08% of Kaspien worth $45,000 at the end of the most recent reporting period. 36.22% of the stock is currently owned by institutional investors.

Kaspien Company Profile

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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