Mirae Asset Global Investments Co. Ltd. Invests $464,000 in Ispire Technology Inc. (NASDAQ:ISPR)

Mirae Asset Global Investments Co. Ltd. bought a new position in Ispire Technology Inc. (NASDAQ:ISPR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,256 shares of the company’s stock, valued at approximately $464,000. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Ispire Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Ispire Technology in the 3rd quarter worth approximately $103,000. Panagora Asset Management Inc. purchased a new position in Ispire Technology in the third quarter valued at approximately $94,000. Finally, Barclays PLC purchased a new position in Ispire Technology in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 5.00% of the company’s stock.

Ispire Technology Trading Up 2.4 %

Ispire Technology stock opened at $5.21 on Friday. Ispire Technology Inc. has a 12 month low of $5.01 and a 12 month high of $19.78. The business’s 50 day simple moving average is $7.75 and its 200 day simple moving average is $9.59. The company has a market cap of $293.48 million and a price-to-earnings ratio of -27.42.

Ispire Technology (NASDAQ:ISPR) last posted its quarterly earnings data 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 firm had revenue of $41.69 million during the quarter.

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.