Stran & Company, Inc. (NASDAQ:SWAG) Trading 8.4% Higher – Here’s Why

Stran & Company, Inc. (NASDAQ:SWAG)’s share price rose 8.4% on Friday . The company traded as high as $0.85 and last traded at $0.83. Approximately 52,870 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 87,588 shares. The stock had previously closed at $0.77.

Stran & Company, Inc. Stock Up 8.4 %

The business’s 50-day simple moving average is $0.98 and its two-hundred day simple moving average is $1.11. The firm has a market cap of $15.44 million, a price-to-earnings ratio of -41.49 and a beta of 2.17.

Hedge Funds Weigh In On Stran & Company, Inc.

An institutional investor recently bought a new position in Stran & Company, Inc. stock. Wilmington Savings Fund Society FSB bought a new position in shares of Stran & Company, Inc. (NASDAQ:SWAG) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 42,412 shares of the company’s stock, valued at approximately $52,000. Wilmington Savings Fund Society FSB owned 0.23% of Stran & Company, Inc. at the end of the most recent reporting period. 56.42% of the stock is owned by hedge funds and other institutional investors.

About Stran & Company, Inc.

Stran & Company, Inc provides outsourced marketing solutions. The company offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings.