Ispire Technology (NASDAQ:ISPR) Shares Up 1.7%

Ispire Technology Inc. (NASDAQ:ISPR) traded up 1.7% during trading on Tuesday . The stock traded as high as $5.57 and last traded at $5.44. 12,418 shares were traded during trading, a decline of 89% from the average session volume of 110,781 shares. The stock had previously closed at $5.35.

Ispire Technology Price Performance

The firm has a market capitalization of $306.44 million and a PE ratio of -28.63. The firm has a fifty day moving average price of $8.14 and a 200 day moving average price of $9.68.

Ispire Technology (NASDAQ:ISPR) last announced its earnings results on Tuesday, February 20th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08). Ispire Technology had a negative net margin of 7.14% and a negative return on equity of 32.56%. The company had revenue of $41.69 million for the quarter.

Institutional Investors Weigh In On Ispire Technology

Several hedge funds have recently bought and sold shares of ISPR. Barclays PLC purchased a new stake in Ispire Technology in the 2nd quarter worth about $29,000. Amalgamated Bank raised its stake in shares of Ispire Technology by 499.0% in the 4th quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock valued at $30,000 after acquiring an additional 2,061 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of Ispire Technology in the 3rd quarter valued at approximately $94,000. Bank of New York Mellon Corp bought a new position in shares of Ispire Technology in the 3rd quarter valued at approximately $103,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Ispire Technology in the 4th quarter worth approximately $464,000. 5.00% of the stock is owned by hedge funds and other institutional investors.

Ispire Technology Company Profile

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.