India, March 12 -- Shares of Ranpak Holdings Corp. (PACK) surged over 40% after reporting its fourth-quarter results.
PACK is currently trading at $6.13, up $1.76 or 40.27%, on the Nasdaq. The stock opened its trading at $5.60 after closing Monday at $4.37. The stock has traded between $2.63 and $7.23 in the past 52-week period.
Net revenue for the fourth quarter rose 13.9% to $90.4 million from $79.4 million last year.
Net loss for the quarter was $9.3 million, wider than last year's loss of $7.3 million.
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