Kaival Brands Innovations Group (NASDAQ:KAVL) Posts Quarterly Earnings Results

Kaival Brands Innovations Group (NASDAQ:KAVL) posted its quarterly earnings results on Monday. The company reported ($0.76) EPS for the quarter, reports. The company had revenue of $3.21 million for the quarter.

Kaival Brands Innovations Group Trading Down 13.5 %

Kaival Brands Innovations Group stock opened at $2.81 on Thursday. Kaival Brands Innovations Group has a 1-year low of $1.11 and a 1-year high of $20.27. The firm has a 50-day moving average of $2.49 and a 200-day moving average of $4.99.

Hedge Funds Weigh In On Kaival Brands Innovations Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Kaival Brands Innovations Group by 2,362.1% in the first quarter. Vanguard Group Inc. now owns 763,185 shares of the company’s stock valued at $1,083,000 after acquiring an additional 732,188 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Kaival Brands Innovations Group in the second quarter worth about $186,000. Virtu Financial LLC purchased a new position in shares of Kaival Brands Innovations Group during the 2nd quarter worth approximately $74,000. State Street Corp raised its position in shares of Kaival Brands Innovations Group by 88.1% in the 3rd quarter. State Street Corp now owns 45,700 shares of the company’s stock worth $46,000 after acquiring an additional 21,400 shares in the last quarter. Finally, Northern Trust Corp bought a new position in Kaival Brands Innovations Group in the first quarter worth $37,000.

Kaival Brands Innovations Group Company Profile

Kaival Brands Innovations Group, Inc sells, markets, and distributes electronic nicotine delivery system (ENDS) products and related components in the United States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS product in various flavor options for adult cigarette smokers. It sells its products to non-retail customers through convenience stores and the website www.wholesale.bidivapor.com.