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

Stran & Company, Inc. (NASDAQ:SWAG) announced its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02, FiscalAI reports. Stran & Company, Inc. had a return on equity of 0.18% and a net margin of 0.05%.The business had revenue of $33.36 million for the quarter, compared to the consensus estimate of $11.23 million.

Stran & Company, Inc. Stock Performance

Stran & Company, Inc. stock traded down $0.07 during mid-day trading on Thursday, reaching $1.92. The company had a trading volume of 41,179 shares, compared to its average volume of 71,142. Stran & Company, Inc. has a 52 week low of $1.48 and a 52 week high of $3.50. The company has a 50 day moving average of $2.08 and a 200-day moving average of $1.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.20 and a quick ratio of 1.76.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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, According to data from MarketBeat.com, the company 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 grew its position in shares of Stran & Company, Inc. by 113.7% in the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock valued at $36,000 after purchasing an additional 11,562 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Stran & Company, Inc. by 31.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after purchasing an additional 8,300 shares in the last quarter. State Street Corp grew its holdings in shares of Stran & Company, Inc. by 27.8% during the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after buying an additional 12,500 shares in the last quarter. Mink Brook Asset Management LLC bought a new position in shares of Stran & Company, Inc. during the 2nd quarter worth approximately $125,000. Finally, Citadel Advisors LLC increased its position in shares of Stran & Company, Inc. by 102.2% in the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after acquiring an additional 48,382 shares during the last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

About Stran & Company, Inc.

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.