Destination Maternity (NASDAQ:DEST) Trading Down 7.3%

Shares of Destination Maternity Corp (NASDAQ:DEST) were down 7.3% during mid-day trading on Thursday . The company traded as low as $0.37 and last traded at $0.38, approximately 1,229,789 shares were traded during mid-day trading. An increase of 545% from the average daily volume of 190,714 shares. The stock had previously closed at $0.41.

The company has a quick ratio of 0.18, a current ratio of 0.83 and a debt-to-equity ratio of 6.56. The business has a 50-day moving average price of $0.59 and a 200-day moving average price of $1.31. The firm has a market capitalization of $5.52 million, a PE ratio of -0.80 and a beta of 0.28.

Destination Maternity (NASDAQ:DEST) last posted its quarterly earnings results on Tuesday, September 17th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $84.90 million during the quarter. Destination Maternity had a negative net margin of 3.83% and a negative return on equity of 31.16%.

A hedge fund recently raised its stake in Destination Maternity stock. Vanguard Group Inc. grew its stake in Destination Maternity Corp (NASDAQ:DEST) by 20.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,039 shares of the company’s stock after purchasing an additional 61,900 shares during the period. Vanguard Group Inc. owned approximately 2.56% of Destination Maternity worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 40.27% of the company’s stock.

About Destination Maternity (NASDAQ:DEST)

Destination Maternity Corporation designs and retails maternity apparel. As of August 4, 2018, the company operated 1,114 retail locations, including 480 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 634 leased department locations in the United States and Puerto Rico.

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