Ranpak (NASDAQ:PACK) issued its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04, Fidelity Earnings reports. The company had revenue of $69.10 million during the quarter.
NASDAQ:PACK traded down $0.12 during trading hours on Friday, hitting $6.15. The company had a trading volume of 6,400 shares, compared to its average volume of 142,308. Ranpak has a 1 year low of $4.32 and a 1 year high of $10.35. The business’s 50-day moving average price is $6.08.
Separately, Craig Hallum initiated coverage on Ranpak in a report on Monday, September 30th. They issued a “buy” rating and a $10.00 target price for the company.
Ranpak Company Profile
Ranpak Holdings Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination with one or more businesses. It focuses on consumer products related businesses with a focus on companies in consumer products or services; food and beverages; and related manufacturing or industrial services categories in North America or Western Europe.
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