Stran & Company, Inc. (NASDAQ:SWAG) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Stran & Company, Inc. (NASDAQ:SWAG) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03, FiscalAI reports. The company had revenue of $28.94 million for the quarter, compared to analysts’ expectations of $14.00 million. Stran & Company, Inc. had a negative return on equity of 5.05% and a negative net margin of 1.38%.

Stran & Company, Inc. Price Performance

Shares of SWAG traded up $0.09 during trading hours on Wednesday, reaching $1.78. 49,446 shares of the company’s stock traded hands, compared to its average volume of 103,713. Stran & Company, Inc. has a 12 month low of $0.89 and a 12 month high of $3.50. The stock has a market cap of $32.56 million, a PE ratio of -19.78 and a beta of 2.15. The company has a current ratio of 2.27, a quick ratio of 1.82 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $1.82 and its 200-day simple moving average is $1.88.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Stran & Company, Inc. to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWAG. XTX Topco Ltd increased its stake in Stran & Company, Inc. by 113.7% in the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock valued at $36,000 after acquiring an additional 11,562 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Stran & Company, Inc. by 31.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after purchasing an additional 8,300 shares in the last quarter. State Street Corp lifted its stake in Stran & Company, Inc. by 27.8% during the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after purchasing an additional 12,500 shares during the last quarter. Mink Brook Asset Management LLC bought a new stake in Stran & Company, Inc. in the 2nd quarter worth approximately $125,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Stran & Company, Inc. by 102.2% in the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after acquiring an additional 48,382 shares during the last quarter. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

About Stran & Company, Inc.

Stran & Co, Inc engages in the provision of promotional marketing and branded merchandise services. It offers promotional product, custom manufacturing, custom packaging, warehousing, and program management. The company was founded by Andrew Shape and Andrew Stranberg in 1994 and is headquartered in Quincy, MA.