New York & Co. (NWY) Sees Unusually-High Trading Volume
New York & Co. (NYSE:NWY) shares saw an uptick in trading volume on Friday . 1,508,707 shares were traded during mid-day trading, an increase of 653% from the previous session’s volume of 200,356 shares.The stock last traded at $2.30 and had previously closed at $2.05.
Several research firms recently weighed in on NWY. Zacks Investment Research downgraded shares of New York & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 3rd. TheStreet downgraded shares of New York & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. Finally, Wunderlich downgraded shares of New York & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $3.50 to $2.25 in a report on Friday, May 20th.
The firm’s market cap is $144.27 million. The company has a 50 day moving average of $1.74 and a 200 day moving average of $2.43.
New York & Co. (NYSE:NWY) last issued its earnings results on Thursday, August 18th. The company reported $0.01 EPS for the quarter. During the same quarter in the previous year, the company posted $0.03 earnings per share. The firm earned $232.80 million during the quarter, compared to analyst estimates of $226.92 million. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that New York & Co. will post $0.03 EPS for the current year.
New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.
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