This past Friday BAB Inc (OTCMKTS:BABB) was in considerable focus among investors after it announced its financial results for the first fiscal quarter that had ended on February 28, 2022. The numbers seem to have impressed investors and that was apparent from the fact that the BAB stock ended up with gains of 5.5% on Friday.
Trading Data
On Friday, BABB stock moved up 5.56% to $0.95 with 10K shares, compared to its average volume of 4.5K shares. The stock moved within a range of $0.9500 – 0.9500 after opening trade at $0.95.
BAB, Inc. Reports Results for 1st Quarter FY 2022
The company announced that in the first fiscal quarter that had ended on February 28, 2022 it had managed to bring in revenues to the tune of $738,000. On the other hand, the net income for the period stood at $63,000, which worked out to earnings of $0.01 a share.
In this regard, it ought to be noted that the revenues went up year on year from the $723,000 that BAB had generated in the prior year period. However, net income actually went down significantly from the $333,000 in the prior year period.
The earnings per share at the time stood at $0.05. However, it ought to be noted that the earnings figure from the first quarter of last year had also included debt forgiveness to the tune of as much as $228,000. It is going to be interesting to see if the stock can manage to add to its gains this week.
Technical Data
BABB stock is trading above the 20-Day and 50-Day Moving averages of $0.87 and $0.82 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.77.
