Stran & Company, Inc. (NASDAQ:SWAG) Releases Quarterly Earnings Results, Meets Estimates

Stran & Company, Inc. (NASDAQ:SWAG) issued its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, FiscalAI reports. The business had revenue of $33.36 million during the quarter, compared to analysts’ expectations of $11.23 million. Stran & Company, Inc. had a net margin of 0.33% and a return on equity of 1.26%.

Stran & Company, Inc. Stock Performance

Shares of Stran & Company, Inc. stock opened at $2.04 on Wednesday. The firm has a market cap of $38.03 million, a price-to-earnings ratio of 204.20 and a beta of 1.98. The company’s 50-day simple moving average is $2.09 and its 200-day simple moving average is $1.89. Stran & Company, Inc. has a 52-week low of $1.39 and a 52-week high of $3.50. The company has a quick ratio of 1.76, a current ratio of 2.20 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Stran & Company, Inc. from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Stran & Company, Inc. has an average rating of “Hold”.

Institutional Investors Weigh In On Stran & Company, Inc.

Several institutional investors have recently modified their holdings of SWAG. XTX Topco Ltd boosted its position in Stran & Company, Inc. by 113.7% during the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after purchasing an additional 11,562 shares in the last quarter. Mink Brook Asset Management LLC raised its position in shares of Stran & Company, Inc. by 196.0% during the 4th quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock worth $499,000 after purchasing an additional 198,993 shares during the last quarter. State Street Corp lifted its stake in Stran & Company, Inc. by 27.8% in the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock valued at $95,000 after buying an additional 12,500 shares in the last quarter. Jane Street Group LLC lifted its stake in Stran & Company, Inc. by 618.6% in the 4th quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock valued at $163,000 after buying an additional 84,377 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Stran & Company, Inc. by 31.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after buying an additional 8,300 shares during the last quarter. Hedge funds and other institutional investors own 56.42% of the company’s stock.

Stran & Company, Inc. Company Profile

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.