Ranpak (NASDAQ:PACK) Announces Earnings Results
Ranpak (NASDAQ:PACK) posted its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04, Fidelity Earnings reports. The company had revenue of $69.10 million for the quarter.
Ranpak stock traded down $0.12 during mid-day trading on Friday, reaching $6.15. 6,400 shares of the company were exchanged, compared to its average volume of 142,308. The firm’s fifty day moving average is $6.08. Ranpak has a 12-month low of $4.32 and a 12-month high of $10.35.
In related news, CFO Trent Meyerhoefer purchased 12,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of $5.53 per share, with a total value of $69,125.00. Following the transaction, the chief financial officer now owns 58,276 shares of the company’s stock, valued at $322,266.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 28,380 shares of company stock worth $171,410 over the last ninety days.
Ranpak Company Profile
Ranpak Holdings Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination with one or more businesses. It focuses on consumer products related businesses with a focus on companies in consumer products or services; food and beverages; and related manufacturing or industrial services categories in North America or Western Europe.
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