Lakeside (NASDAQ:LSH) Issues Earnings Results

Lakeside (NASDAQ:LSH) announced its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Lakeside had a negative net margin of 26.59% and a negative return on equity of 172.78%.

Lakeside Stock Up 10.1%

NASDAQ LSH traded up $0.06 during trading hours on Thursday, hitting $0.63. The company had a trading volume of 33,850 shares, compared to its average volume of 44,167. Lakeside has a fifty-two week low of $0.52 and a fifty-two week high of $1.95. The firm’s 50 day moving average is $0.83 and its 200 day moving average is $0.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.52 and a quick ratio of 1.51. The company has a market capitalization of $10.94 million, a price-to-earnings ratio of -1.05 and a beta of 2.91.

Institutional Investors Weigh In On Lakeside

A hedge fund recently raised its stake in Lakeside stock. Geode Capital Management LLC increased its stake in shares of Lakeside Holding Limited (NASDAQ:LSH) by 352.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,900 shares of the company’s stock after buying an additional 54,445 shares during the quarter. Geode Capital Management LLC owned about 0.40% of Lakeside worth $62,000 at the end of the most recent quarter.

Lakeside Company Profile

Lakeside Holding Limited, through its subsidiaries, provides integrated cross-border supply chain solution in the United States, China, South Korea, and internationally. It offers a range of integrated services under cross-border ocean freight solutions and cross-border airfreight solutions, including cross-border freight consolidation and forwarding services, customs clearance services, warehousing and distribution services, and U.S. domestic ground transportation services. The company customers include logistics service companies serving e-commerce platforms, social commerce platforms, and manufacturers to sell and transport consumer and industrial goods.