Inventure Foods Inc (NASDAQ:SNAK) shares reached a new 52-week low during trading on Friday . The stock traded as low as $3.27 and last traded at $3.27, with a volume of 166,728 shares. The stock had previously closed at $3.36.
Several research analysts have commented on SNAK shares. Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded Inventure Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th.
The stock’s market cap is $61.82 million. The company has a 50-day moving average of $4.02 and a 200-day moving average of $4.61.
Inventure Foods (NASDAQ:SNAK) last announced its earnings results on Thursday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $49.60 million during the quarter, compared to analysts’ expectations of $70.10 million. Inventure Foods had a negative net margin of 2.43% and a negative return on equity of 28.81%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. Analysts predict that Inventure Foods Inc will post ($0.14) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of SNAK. KCG Holdings Inc. raised its stake in Inventure Foods by 116.3% in the first quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock worth $115,000 after buying an additional 14,032 shares in the last quarter. Bourgeon Capital Management LLC bought a new stake in Inventure Foods during the first quarter worth $133,000. Symons Capital Management Inc. bought a new stake in Inventure Foods during the first quarter worth $168,000. NJ State Employees Deferred Compensation Plan bought a new stake in Inventure Foods during the second quarter worth $216,000. Finally, OppenheimerFunds Inc. bought a new stake in Inventure Foods during the first quarter worth $228,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.
Inventure Foods Company Profile
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.
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