Stran & Company, Inc. (NASDAQ:SWAG) Trading 0.6% Higher – Here’s Why

Stran & Company, Inc. (NASDAQ:SWAG) rose 0.6% on Monday . The stock traded as high as $1.6787 and last traded at $1.57. Approximately 61,651 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 36,515 shares. The stock had previously closed at $1.56.

Analyst Ratings Changes

A number of research analysts recently weighed in on SWAG shares. Weiss Ratings restated a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Tuesday, April 21st. Wall Street Zen raised Stran & Company, Inc. to a “hold” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Stran & Company, Inc. Trading Up 0.6%

The company’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.86. The stock has a market cap of $29.34 million, a price-to-earnings ratio of -31.39 and a beta of 2.11. The company has a quick ratio of 1.88, a current ratio of 2.34 and a debt-to-equity ratio of 0.01.

Stran & Company, Inc. (NASDAQ:SWAG) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Stran & Company, Inc. had a negative net margin of 0.64% and a negative return on equity of 2.41%. The company had revenue of $28.94 million during the quarter, compared to analysts’ expectations of $14.00 million.

Hedge Funds Weigh In On Stran & Company, Inc.

Large investors have recently bought and sold shares of the business. Mink Brook Asset Management LLC raised its stake in Stran & Company, Inc. by 196.0% in the fourth quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock valued at $499,000 after buying an additional 198,993 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Stran & Company, Inc. by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock worth $454,000 after acquiring an additional 79,589 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Stran & Company, Inc. by 23.3% in the 4th quarter. Geode Capital Management LLC now owns 98,042 shares of the company’s stock valued at $163,000 after acquiring an additional 18,500 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Stran & Company, Inc. by 618.6% in the 4th quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock valued at $163,000 after acquiring an additional 84,377 shares during the last quarter. Finally, Citadel Advisors LLC raised its position 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 worth $159,000 after acquiring an additional 48,382 shares in the last quarter. Hedge funds and other institutional investors own 56.42% of the company’s stock.

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.