StackIt Storage (NASDAQ:STAK) Issues Quarterly Earnings Results

StackIt Storage (NASDAQ:STAK) issued its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $4.49 million for the quarter.

StackIt Storage Stock Down 1.0%

Shares of STAK stock traded down $0.01 during trading hours on Wednesday, reaching $1.00. 188,603 shares of the company traded hands, compared to its average volume of 3,749,231. The firm has a 50-day moving average price of $1.21 and a 200 day moving average price of $2.08. StackIt Storage has a 12-month low of $0.29 and a 12-month high of $12.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of StackIt Storage in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

About StackIt Storage

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.