Ranpak (NASDAQ:PACK) announced its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06), MarketWatch Earnings reports. The company had revenue of $66.10 million for the quarter.
Shares of Ranpak stock traded down $0.13 during midday trading on Friday, hitting $8.17. 192,475 shares of the company traded hands, compared to its average volume of 156,135. The firm’s fifty day moving average price is $7.69 and its 200-day moving average price is $7.53. Ranpak has a 12 month low of $4.32 and a 12 month high of $8.60.
In related news, CEO Omar Asali purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average cost of $7.65 per share, with a total value of $114,750.00. Following the acquisition, the chief executive officer now owns 1,258,977 shares of the company’s stock, valued at approximately $9,631,174.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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.
See Also: Basic Economics
Receive News & Ratings for Ranpak Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranpak and related companies with MarketBeat.com's FREE daily email newsletter.