Ranpak Holdings Corp (PACK) is trading 10% higher at $5.29 today. The move is likely a rebound after a poor earnings report yesterday. The move outpaced peers in the materials sector by several percentage points.
The company reported an EPS of -$0.14 in-line, and a revenue miss of $6.52M on $86.8M.
Investors must see value in the embattled materials business.
Ranpak Holdings Corp has been trading between a 52-week high of $42.97 and a 52-week low of $4.73. The stock has a market cap of $418 Million.
Founded in 1972, Ranpak's goal was to create the first environmentally responsible system to protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak is headquartered in Concord Township, Ohio and has approximately 600 employees.