707 Cayman (NASDAQ:JEM) Announces Quarterly Earnings Results

707 Cayman (NASDAQ:JEM) released its quarterly earnings data on Monday. The company reported ($41.30) earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.22 million for the quarter.

707 Cayman Stock Performance

Shares of NASDAQ JEM traded down $0.32 during trading on Monday, hitting $4.25. The stock had a trading volume of 37,776 shares, compared to its average volume of 497,665. 707 Cayman has a 12 month low of $3.40 and a 12 month high of $1,581.60. The firm has a fifty day moving average of $16.64 and a two-hundred day moving average of $22.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JEM shares. Weiss Ratings raised shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Wall Street Zen raised shares of 707 Cayman to a “hold” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Activity at 707 Cayman

In related news, major shareholder Financial Lp Hrt sold 4,034 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $7.20, for a total transaction of $29,044.80. Following the transaction, the insider directly owned 11,500 shares of the company’s stock, valued at $82,800. This trade represents a 25.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have bought 147,842 shares of company stock valued at $456,127 and have sold 61,812 shares valued at $185,017.

Institutional Investors Weigh In On 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.