New York & Co. (NYSE:NWY) dropped 7% during mid-day trading on Monday . The company traded as low as $2.09 and last traded at $2.12, with a volume of 283,345 shares trading hands. The stock had previously closed at $2.28.

NWY has been the topic of a number of recent research reports. Zacks Investment Research lowered New York & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Wunderlich lowered New York & Co. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $3.50 to $2.25 in a research report on Friday, May 20th. Finally, TheStreet lowered New York & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th.

The firm has a 50-day moving average of $1.79 and a 200-day moving average of $2.43. The company’s market cap is $130.09 million.

New York & Co. (NYSE:NWY) last issued its quarterly earnings data on Thursday, August 18th. The company reported $0.01 EPS for the quarter. During the same period last year, the company earned $0.03 earnings per share. The company earned $232.80 million during the quarter, compared to analysts’ expectations 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 research analysts forecast that New York & Co. will post $0.02 earnings per share for the current fiscal 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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