Magnera (NYSE:MAGN – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($1.69) EPS for the quarter, Zacks reports. Magnera had a negative return on equity of 17.71% and a negative net margin of 5.08%. During the same period in the prior year, the business earned ($0.25) earnings per share.
Magnera Stock Up 3.7 %
MAGN stock traded up $0.72 during midday trading on Thursday, hitting $20.31. The stock had a trading volume of 892,187 shares, compared to its average volume of 440,481. Magnera has a 52 week low of $15.80 and a 52 week high of $35.23. The company has a debt-to-equity ratio of 4.26, a current ratio of 2.23 and a quick ratio of 1.04. The stock has a market cap of $71.09 million, a P/E ratio of -1.06 and a beta of 1.67.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company assumed coverage on shares of Magnera in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $22.00 price objective on the stock.
About Magnera
Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions propel our customers’ goals forward and solve end-users’ problems, every day.
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