Kaspien (NASDAQ:KSPN) Posts Earnings Results

Kaspien (NASDAQ:KSPN) announced 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 quarter in the previous year, the business posted ($0.49) EPS.

KSPN stock traded up $0.11 during mid-day trading on Wednesday, reaching $20.25. 4,524 shares of the stock traded hands, compared to its average volume of 20,859. Kaspien has a one year low of $7.03 and a one year high of $63.10. The stock 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. The business has a 50-day moving average price of $20.35 and a two-hundred day moving average price of $23.10.

Separately, Zacks Investment Research raised Kaspien from a “sell” rating to a “hold” rating in a research note on Tuesday, August 17th.

A hedge fund recently raised its stake in Kaspien stock. Morgan Stanley raised its position in Kaspien Holdings Inc. (NASDAQ:KSPN) by 248.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,525 shares of the company’s stock after purchasing an additional 4,650 shares during the quarter. Morgan Stanley owned 0.26% of Kaspien worth $159,000 as of its most recent SEC filing. Institutional investors own 36.22% of the company’s stock.

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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