Ispire Technology (NASDAQ:ISPR) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Ispire Technology (NASDAQ:ISPR) released its quarterly earnings data on Monday. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.12), Zacks reports. Ispire Technology had a negative net margin of 19.26% and a negative return on equity of 107.00%.

Ispire Technology Trading Up 4.9%

Shares of Ispire Technology stock opened at $3.43 on Tuesday. The business has a fifty day simple moving average of $2.93 and a two-hundred day simple moving average of $2.97. Ispire Technology has a 1 year low of $2.09 and a 1 year high of $7.79. The company has a market capitalization of $196.02 million, a price-to-earnings ratio of -7.00 and a beta of 2.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.90.

Institutional Investors Weigh In On Ispire Technology

A hedge fund recently raised its stake in Ispire Technology stock. Bank of America Corp DE raised its holdings in shares of Ispire Technology Inc. (NASDAQ:ISPR) by 35.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,156 shares of the company’s stock after purchasing an additional 4,997 shares during the quarter. Bank of America Corp DE’s holdings in Ispire Technology were worth $96,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.00% of the company’s stock.

About Ispire Technology

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.