New York & Co. (NWY) Stock Price Up 4.4%
New York & Co. (NYSE:NWY)’s share price rose 4.4% on Thursday . The company traded as high as $2.14 and last traded at $2.13, with a volume of 70,506 shares. The stock had previously closed at $2.04.
NWY has been the topic of a number of analyst reports. Zacks Investment Research downgraded New York & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Wunderlich downgraded New York & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $3.50 to $2.25 in a research report on Friday, May 20th. Finally, TheStreet downgraded New York & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th.
The firm’s 50 day moving average price is $1.81 and its 200 day moving average price is $2.42. The firm’s market cap is $132.63 million.
New York & Co. (NYSE:NWY) last announced its earnings results on Thursday, August 18th. The company reported $0.01 earnings per share for the quarter. During the same quarter in the previous year, the firm earned $0.03 EPS. The business earned $232.80 million during the quarter, compared to analysts’ expectations of $226.92 million. New York & Co.’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts expect that New York & Co. will post $0.02 earnings per share 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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