Cosmos Health (NASDAQ:COSM) Stock Price Down 2.1% Following Weak Earnings

Cosmos Health Inc. (NASDAQ:COSM) was down 2.1% during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $0.80 and last traded at $0.83. Approximately 172,720 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,612,196 shares. The stock had previously closed at $0.85.

The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Cosmos Health had a negative return on equity of 18.32% and a negative net margin of 27.90%.The business had revenue of $14.75 million for the quarter, compared to analysts’ expectations of $17.48 million.

Institutional Trading of Cosmos Health

An institutional investor recently raised its position in Cosmos Health stock. Geode Capital Management LLC raised its stake in Cosmos Health Inc. (NASDAQ:COSM) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,432 shares of the company’s stock after acquiring an additional 43,704 shares during the quarter. Geode Capital Management LLC owned about 0.83% of Cosmos Health worth $129,000 at the end of the most recent reporting period. 12.61% of the stock is owned by hedge funds and other institutional investors.

Cosmos Health Price Performance

The company’s fifty day moving average price is $0.61 and its 200 day moving average price is $0.52. The company has a market capitalization of $23.37 million, a P/E ratio of -0.75 and a beta of 5.33. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.08.

About Cosmos Health

Cosmos Health Inc manufactures, develops, and trades branded nutraceutical products in Greece, the United Kingdom, Croatia, Bulgaria, Cayman Islands, and Cyprus. It offers medicines, OTC medicines, nutraceutical products, vitamins, minerals and dietary, health care products, medical devices, baby products, and others under the Sky Premium Life and Mediterranation brand names.