Destination Maternity Corp. (DEST) Shares Gap Up to $5.53
Destination Maternity Corp. (NASDAQ:DEST) shares gapped up prior to trading on Friday . The stock had previously closed at $5.47, but opened at $5.53. Destination Maternity Corp. shares last traded at $5.62, with a volume of 12,696 shares changing hands.
Separately, TheStreet downgraded shares of Destination Maternity Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th.
The company’s 50-day moving average price is $6.06 and its 200-day moving average price is $6.81. The company’s market cap is $78.53 million.
Destination Maternity Corp. (NASDAQ:DEST) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $124.40 million for the quarter, compared to analyst estimates of $141.60 million. On average, analysts predict that Destination Maternity Corp. will post $1.17 earnings per share for the current fiscal year.
Destination Maternity Corporation, formerly Mothers Work, Inc is a designer and retailer of maternity apparel in the United States. The Company operates a chain of maternity apparel specialty stores. The Company operates through the design, manufacture, and sale of maternity apparel and related accessories segment.
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