Maison Solutions (NASDAQ:MSS) Announces Quarterly Earnings Results

Maison Solutions (NASDAQ:MSS) issued its quarterly earnings results on Monday. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.18), Zacks reports. Maison Solutions had a negative net margin of 4.89% and a negative return on equity of 46.54%. The business had revenue of $29.54 million during the quarter, compared to analyst estimates of $33.10 million.

Maison Solutions Trading Down 17.5%

NASDAQ:MSS traded down $0.03 during trading hours on Wednesday, reaching $0.16. 1,297,269 shares of the company were exchanged, compared to its average volume of 1,551,029. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.77 and a quick ratio of 0.44. The firm has a market cap of $3.05 million, a price-to-earnings ratio of -0.60 and a beta of 5.24. Maison Solutions has a 52-week low of $0.15 and a 52-week high of $3.96. The stock has a 50 day simple moving average of $0.27 and a 200 day simple moving average of $0.53.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Maison Solutions in a report on Thursday, January 22nd. Ascendiant Capital Markets upped their target price on Maison Solutions from $4.25 to $4.50 and gave the company a “buy” rating in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.50.

Institutional Trading of Maison Solutions

A hedge fund recently bought a new stake in Maison Solutions stock. XTX Topco Ltd bought a new position in Maison Solutions Inc. (NASDAQ:MSS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,727 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.16% of Maison Solutions at the end of the most recent quarter. Institutional investors own 2.37% of the company’s stock.

Maison Solutions Company Profile

Maison Solutions Inc, together with its subsidiaries, operates as the specialty grocery retailer in California. The company offers perishable products, such as meat, seafood, vegetables, and fruit; non-perishable products, including grocery products comprising cooking utensils, canned foods, Chinese and Asian seasonings and spices, and snacks, as well as liquor, cigarette, lottery, newspaper, reusable bag, non-food, and health products, and general merchandise, beauty care, pharmacy, fuel, and other items and services in its stores.