Conn’s Inc. (NASDAQ:CONN) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $6.64 and last traded at $6.67, with a volume of 273,102 shares changing hands. The stock had previously closed at $6.96.

Separately, Piper Jaffray Cos. downgraded shares of Conn’s from an “overweight” rating to a “neutral” rating in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Conn’s presently has a consensus rating of “Hold” and an average target price of $34.00.

The stock has a 50 day moving average price of $7.48 and a 200-day moving average price of $12.05. The company has a market capitalization of $205.22 million and a P/E ratio of 43.129.

Conn’s (NASDAQ:CONN) last announced its earnings results on Thursday, June 2nd. The company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.37. During the same period in the prior year, the company posted $0.44 earnings per share. The business had revenue of $319.04 million for the quarter, compared to analyst estimates of $393.16 million. The company’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Conn’s Inc. will post ($0.14) earnings per share for the current fiscal year.

In other news, major shareholder Luxor Capital Group, Lp sold 491,431 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $8.29, for a total value of $4,073,962.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William E. Saunders, Jr. acquired 10,000 shares of Conn’s stock in a transaction dated Friday, June 24th. The stock was purchased at an average cost of $7.60 per share, with a total value of $76,000.00. Following the completion of the purchase, the director now owns 20,227 shares of the company’s stock, valued at $153,725.20. The disclosure for this purchase can be found here.

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

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