Kaspien (NASDAQ:KSPN) Releases Earnings Results, Beats Estimates By $0.61 EPS

Kaspien (NASDAQ:KSPN) announced its quarterly earnings data on Tuesday. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.84) by $0.61, MarketWatch Earnings reports. The firm had revenue of $33.14 million for the quarter. Kaspien had a negative return on equity of 1,013.63% and a negative net margin of 12.96%.

Kaspien Price Performance

Shares of NASDAQ KSPN opened at $0.13 on Thursday. The stock has a market capitalization of $647,932.50, a P/E ratio of -0.03 and a beta of 0.82. Kaspien has a one year low of $0.13 and a one year high of $2.64. The firm’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.39.

Institutional Investors Weigh In On Kaspien

A hedge fund recently bought a new stake in Kaspien stock. SVB Wealth LLC purchased a new position in Kaspien Holdings Inc. (NASDAQ:KSPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,392 shares of the company’s stock, valued at approximately $36,000. SVB Wealth LLC owned about 0.58% of Kaspien as of its most recent SEC filing. 0.29% of the stock is currently owned by institutional investors.

Kaspien Company Profile

Kaspien Holdings Inc operates an e-commerce services provider. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, Target, and others. The company's technology-enabled retailer that delivers brand partners across Amazon.com US, Amazon.com Canada, Target.com, and Walmart.com online marketplaces.