Kaspien (NASDAQ:KSPN) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Kaspien (NASDAQ:KSPN) issued its earnings results on Wednesday. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.02), Fidelity Earnings reports. Kaspien had a negative return on equity of 426.52% and a negative net margin of 2.46%.

Shares of Kaspien stock opened at $26.98 on Friday. The firm has a market capitalization of $66.88 million, a PE ratio of -12.61 and a beta of 0.17. Kaspien has a 52 week low of $5.52 and a 52 week high of $63.10. The firm has a 50 day moving average price of $22.46. The company has a quick ratio of 0.31, a current ratio of 1.54 and a debt-to-equity ratio of 3.58.

An institutional investor recently raised its position in Kaspien stock. Morgan Stanley boosted its holdings in Kaspien Holdings Inc. (NASDAQ:KSPN) by 87.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,875 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Morgan Stanley owned about 0.08% of Kaspien worth $45,000 at the end of the most recent quarter. Institutional investors own 36.65% of the company’s stock.

Separately, Aegis initiated coverage on shares of Kaspien in a research report on Wednesday, March 24th. They set a “buy” rating and a $60.00 price objective on the stock.

Kaspien Company Profile

Kaspien Holdings Inc operates a platform of software and services on digital marketplaces. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, eBay, Target, and others. The company was formerly known as Trans World Entertainment Corporation and changed its name to Kaspien Holdings Inc in September 2020.

Recommended Story: What is the quiet period?

Earnings History for Kaspien (NASDAQ:KSPN)

Receive News & Ratings for Kaspien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaspien and related companies with MarketBeat.com's FREE daily email newsletter.