Stran & Company, Inc. (SWAG) Projected to Post Quarterly Earnings on Thursday

Stran & Company, Inc. (NASDAQ:SWAG) is expected to post its results after the market closes on Thursday, March 26th. Analysts expect Stran & Company, Inc. to post earnings of ($0.02) per share and revenue of $14.00 million for the quarter.

Stran & Company, Inc. Price Performance

SWAG traded up $0.06 during midday trading on Wednesday, reaching $1.75. 8,243 shares of the company’s stock were exchanged, compared to its average volume of 103,407. Stran & Company, Inc. has a 1-year low of $0.89 and a 1-year high of $3.50. The stock has a market capitalization of $32.01 million, a PE ratio of -19.44 and a beta of 2.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.27 and a quick ratio of 1.82. The business’s 50-day moving average price is $1.82 and its 200 day moving average price is $1.88.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SWAG. Wall Street Zen raised shares of Stran & Company, Inc. to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its holdings in shares of 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 buying an additional 11,562 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Stran & Company, Inc. by 31.2% during the fourth 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 period. State Street Corp boosted its position in 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 acquiring an additional 12,500 shares during the last quarter. Mink Brook Asset Management LLC acquired a new stake in Stran & Company, Inc. during the second quarter worth approximately $125,000. Finally, Citadel Advisors LLC grew its stake in Stran & Company, Inc. by 102.2% in the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after acquiring an additional 48,382 shares during the period. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

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.