Stran & Company, Inc. (NASDAQ:SWAG) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Stran & Company, Inc. (NASDAQ:SWAG) posted its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03, FiscalAI reports. The company had revenue of $28.94 million during the quarter, compared to analyst estimates of $14.00 million. Stran & Company, Inc. had a negative return on equity of 2.40% and a negative net margin of 0.64%.

Stran & Company, Inc. Price Performance

Shares of SWAG opened at $1.69 on Friday. The company has a market capitalization of $30.91 million, a P/E ratio of -33.79 and a beta of 2.15. The company has a quick ratio of 1.82, a current ratio of 2.27 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $1.81 and a 200 day moving average of $1.88. Stran & Company, Inc. has a twelve month low of $0.89 and a twelve month high of $3.50.

Analysts Set New Price Targets

SWAG has been the topic of several analyst reports. Wall Street Zen raised Stran & Company, Inc. to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Stran & Company, Inc.

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd grew its holdings in shares of Stran & Company, Inc. by 113.7% in the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after acquiring an additional 11,562 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Stran & Company, Inc. by 31.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after acquiring an additional 8,300 shares during the period. State Street Corp boosted its position in Stran & Company, Inc. by 27.8% in the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after purchasing an additional 12,500 shares during the last quarter. Mink Brook Asset Management LLC purchased a new position in Stran & Company, Inc. in the second quarter worth about $125,000. Finally, Citadel Advisors LLC grew its stake in shares of Stran & Company, Inc. by 102.2% during the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after purchasing an additional 48,382 shares during the period. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

About Stran & Company, Inc.

Stran & Co, Inc engages in the provision of promotional marketing and branded merchandise services. It offers promotional product, custom manufacturing, custom packaging, warehousing, and program management. The company was founded by Andrew Shape and Andrew Stranberg in 1994 and is headquartered in Quincy, MA.