Shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL – Get Free Report) dropped 8% on Tuesday . The stock traded as low as $0.98 and last traded at $1.03. Approximately 379,699 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,606,092 shares. The stock had previously closed at $1.12.
Kaival Brands Innovations Group Price Performance
The stock’s 50-day moving average is $0.81 and its 200-day moving average is $1.95.
Kaival Brands Innovations Group (NASDAQ:KAVL – Get Free Report) last posted its quarterly earnings data on Friday, September 20th. The company reported ($0.39) earnings per share (EPS) for the quarter. The firm had revenue of $0.71 million for the quarter.
Kaival Brands Innovations Group Company Profile
Kaival Brands Innovations Group, Inc sells, markets, and distributes electronic nicotine delivery system (ENDS) products and related components in the United States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS product in various flavor options for adult cigarette smokers. It sells its products to non-retail customers through convenience stores and the website www.wholesale.bidivapor.com.
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