Stein Mart, Inc. (NASDAQ:SMRT)’s stock price traded up 12.7% on Wednesday . The company traded as high as $0.84 and last traded at $0.80, 292,446 shares changed hands during trading. An increase of 4% from the average session volume of 280,826 shares. The stock had previously closed at $0.71.
Separately, ValuEngine downgraded shares of Stein Mart from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd.
The company has a debt-to-equity ratio of 10.45, a quick ratio of 0.17 and a current ratio of 1.14. The business’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.90.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Stein Mart by 44.4% in the 2nd quarter. Vanguard Group Inc. now owns 976,732 shares of the company’s stock worth $840,000 after purchasing an additional 300,507 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Stein Mart during the 2nd quarter valued at approximately $70,000. Finally, Augustine Asset Management Inc. bought a new position in Stein Mart during the 2nd quarter worth $62,000. Institutional investors and hedge funds own 7.86% of the company’s stock.
Stein Mart Company Profile (NASDAQ:SMRT)
Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home décor merchandise, accessories, and shoes at everyday discount prices in the Unites States. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.
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