Kaival Brands Innovations Group (NASDAQ:KAVL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Kaival Brands Innovations Group (NASDAQ:KAVLGet Rating) issued its quarterly earnings data on Monday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03, MarketWatch Earnings reports.

Kaival Brands Innovations Group Trading Down 3.3 %

Shares of Kaival Brands Innovations Group stock opened at $1.17 on Wednesday. Kaival Brands Innovations Group has a 1 year low of $0.52 and a 1 year high of $5.14. The company has a 50 day simple moving average of $1.20 and a two-hundred day simple moving average of $1.39.

Institutional Investors Weigh In On Kaival Brands Innovations Group

Several hedge funds have recently bought and sold shares of KAVL. State Street Corp bought a new stake in shares of Kaival Brands Innovations Group in the 1st quarter worth approximately $32,000. Northern Trust Corp bought a new stake in Kaival Brands Innovations Group during the 1st quarter valued at $37,000. Virtu Financial LLC bought a new stake in Kaival Brands Innovations Group during the 2nd quarter valued at $74,000. Citadel Advisors LLC bought a new stake in Kaival Brands Innovations Group during the 2nd quarter valued at $186,000. Finally, Vanguard Group Inc. raised its holdings in Kaival Brands Innovations Group by 2,362.1% during the 1st quarter. Vanguard Group Inc. now owns 763,185 shares of the company’s stock valued at $1,083,000 after buying an additional 732,188 shares during the last quarter.

About Kaival Brands Innovations Group

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Kaival Brands Innovations Group, Inc distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors.

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Earnings History for Kaival Brands Innovations Group (NASDAQ:KAVL)

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