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.
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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