Ispire Technology (NASDAQ:ISPR) Shares Up 1.7%

Ispire Technology Inc. (NASDAQ:ISPR) shares shot up 1.7% on Tuesday . The company traded as high as $5.57 and last traded at $5.44. 12,418 shares traded hands during trading, a decline of 89% from the average session volume of 110,781 shares. The stock had previously closed at $5.35.

Ispire Technology Stock Performance

The business’s fifty day moving average is $8.14 and its two-hundred day moving average is $9.68. The company has a market cap of $306.44 million and a P/E ratio of -28.63.

Ispire Technology (NASDAQ:ISPR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). Ispire Technology had a negative net margin of 7.14% and a negative return on equity of 32.56%. The company had revenue of $41.69 million for the quarter.

Institutional Investors Weigh In On Ispire Technology

Several large investors have recently modified their holdings of ISPR. Barclays PLC purchased a new position in shares of Ispire Technology in the 2nd quarter worth approximately $29,000. Amalgamated Bank grew its position in shares of Ispire Technology by 499.0% in the 4th quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock worth $30,000 after buying an additional 2,061 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Ispire Technology in the 3rd quarter worth approximately $94,000. Bank of New York Mellon Corp purchased a new position in shares of Ispire Technology in the 3rd quarter worth approximately $103,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ispire Technology in the 4th quarter worth approximately $464,000. Institutional investors own 5.00% of the company’s stock.

About Ispire Technology

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.