707 Cayman (NASDAQ:JEM) Releases Earnings Results

707 Cayman (NASDAQ:JEM) announced its earnings results on Monday. The company reported ($41.30) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.22 million during the quarter.

707 Cayman Trading Down 9.0%

Shares of NASDAQ:JEM opened at $4.15 on Tuesday. 707 Cayman has a 12-month low of $3.40 and a 12-month high of $1,581.60. The stock has a fifty day simple moving average of $16.32 and a two-hundred day simple moving average of $21.77.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 4,034 shares of 707 Cayman stock in a transaction on Friday, July 10th. The stock was sold at an average price of $7.20, for a total value of $29,044.80. Following the completion of the sale, the insider owned 11,500 shares of the company’s stock, valued at $82,800. The trade was a 25.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders bought 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman at the end of the most recent reporting period.

Analyst Ratings Changes

A number of research firms have weighed in on JEM. Weiss Ratings upgraded shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. Wall Street Zen upgraded 707 Cayman to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.