Stran & Company, Inc. (NASDAQ:SWAG) Stock Jumps 2.9% – What’s Next?

Shares of Stran & Company, Inc. (NASDAQ:SWAG) shot up 2.9% during trading on Wednesday. The company traded as high as $1.45 and last traded at $1.42. 5,139 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 20,976 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Stran & Company, Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Stran & Company, Inc. currently has an average rating of “Sell”.

Stran & Company, Inc. Price Performance

The firm has a 50-day simple moving average of $1.71 and a 200 day simple moving average of $1.84.

Stran & Company, Inc. (NASDAQ:SWAG) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $33.36 million for the quarter, compared to analysts’ expectations of $11.23 million. Stran & Company, Inc. had a return on equity of 0.18% and a net margin of 0.05%.

Stran & Company, Inc. Company Profile

Stran & Company, Inc is a provider of outsourced marketing services and promotional products. The company helps organizations develop, source and distribute branded merchandise, apparel, awards, packaging and other promotional materials designed to support marketing, sales and employee-engagement programs.

Its services include creative design, product sourcing, inventory management, fulfillment, logistics and e-commerce solutions. Stran also operates online company stores that allow organizations to order approved branded products and marketing materials through centralized platforms.

Founded in 1994, Stran is headquartered in Quincy, Massachusetts, and serves customers across the United States.