Karat Packaging Inc. (NASDAQ:KRT – Get Rating) COO Joanne Tzu Jung Wang sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $17.21, for a total value of $206,520.00. Following the transaction, the chief operating officer now directly owns 1,957 shares of the company’s stock, valued at $33,679.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Karat Packaging Stock Down 10.3 %
NASDAQ:KRT opened at $15.83 on Friday. The firm has a market capitalization of $313.91 million, a PE ratio of 14.01 and a beta of 1.51. The stock has a 50 day moving average of $18.36 and a 200-day moving average of $18.28. Karat Packaging Inc. has a 52 week low of $14.70 and a 52 week high of $25.57. The company has a current ratio of 3.59, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36.
Karat Packaging (NASDAQ:KRT – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). Karat Packaging had a net margin of 5.41% and a return on equity of 16.47%. The company had revenue of $114.88 million for the quarter, compared to the consensus estimate of $117.51 million. Analysts predict that Karat Packaging Inc. will post 1.4 EPS for the current year.
Hedge Funds Weigh In On Karat Packaging
About Karat Packaging
Karat Packaging Inc manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.
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