Kaspien (NASDAQ:KSPN) Posts Earnings Results, Beats Expectations By $0.50 EPS

Kaspien (NASDAQ:KSPN) released its quarterly earnings results on Monday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business earned ($0.49) earnings per share.

Shares of NASDAQ:KSPN opened at $20.25 on Wednesday. The company has a fifty day moving average of $20.35 and a 200-day moving average of $23.10. The company has a market capitalization of $50.38 million, a PE ratio of 92.05 and a beta of 0.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 2.97. Kaspien has a 52-week low of $7.03 and a 52-week high of $63.10.

A hedge fund recently raised its stake in Kaspien stock. Morgan Stanley increased its holdings in Kaspien Holdings Inc. (NASDAQ:KSPN) by 248.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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. Institutional investors and hedge funds own 36.22% of the company’s stock.

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

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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