StackIt Storage (NASDAQ:STAK) Issues Quarterly Earnings Results

StackIt Storage (NASDAQ:STAK) issued its earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports. The company had revenue of $9.62 million during the quarter.

StackIt Storage Price Performance

Shares of STAK traded up $0.33 during trading hours on Wednesday, reaching $2.36. 6,421,073 shares of the company’s stock traded hands, compared to its average volume of 2,223,168. StackIt Storage has a twelve month low of $0.29 and a twelve month high of $3.97. The business’s fifty day simple moving average is $1.03 and its two-hundred day simple moving average is $0.66.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on STAK shares. Wall Street Zen raised StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings started coverage on StackIt Storage in a research report on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.