KushCo Holdings Inc (OTCMKTS:KSHB) shares traded up 0.3% during trading on Wednesday . The company traded as high as $3.96 and last traded at $3.81, 161,555 shares changed hands during mid-day trading. A decline of 57% from the average session volume of 372,338 shares. The stock had previously closed at $3.80.
KSHB has been the subject of a number of analyst reports. ValuEngine raised shares of KushCo from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Compass Point initiated coverage on shares of KushCo in a report on Monday, June 10th. They issued a “buy” rating and a $8.00 target price for the company. Northland Securities reissued a “buy” rating and set a $8.00 price target on shares of KushCo in a report on Wednesday, July 10th. Benchmark started coverage on KushCo in a research report on Wednesday, June 26th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Zacks Investment Research lowered KushCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $7.81.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 3.11. The firm has a market capitalization of $337.74 million, a P/E ratio of -23.69 and a beta of 1.79. The stock’s 50 day simple moving average is $4.16 and its 200 day simple moving average is $4.95.
In other news, Director Dallas Imbimbo sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $4.96, for a total value of $1,488,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.50% of the stock is currently owned by corporate insiders.
KushCo Company Profile (OTCMKTS:KSHB)
KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.
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